6 months COA flags serious accounting inaccuracies in AFP-RSBS funds MB
By Ben Rosario Serious inaccuracies in the accounting of funds and real estate properties of the Armed Forces of the Philippines Retirement and Separation Benefits System (AFP-RSBS) have alarmed the Commission on Audit (COA) as it reminded the agency that “every single centavo of money collected from uniformed personnel must be fully accounted and returned to them.” Commission on Audit (MANILA BULLETIN) In the latest annual audit report for the controversial agency, COA noted the failure of the AFP-RSBS to update subsidiary ledgers (SL) of the balances of members contributions (MC) and estimated liability of MC earnings of P9.5 billion ... more