COA flags DepEd over unauthorized bank accounts with P 362.8M
newscatcher
2023-08-30 00:31
COA flags DepEd over unauthorized bank accounts with P 362.8M
The Commission on Audit (File photo from the Philippine Daily Inquirer) As classes reopened in public schools on Tuesday, the Commission on Audit (COA) ordered the Department of Education (DepEd) to close several 'unauthorized, unnecessary and dormant' bank accounts containing a total of P362.8 million and return the money to the national treasury. In its audit report on the DepEd for fiscal year 2022, the COA noted that the bank accounts included 'collections and receipts from various sources still retained in the said unauthorized current accounts as standby funds and kept available at their disposal.

https://newsinfo.inquirer.net/1823715/coa-flags-deped-over-unauthorized-bank-accounts-with-p-362-8m

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