Defining the News
Philippine Sports Commission chairman Richard Bachmann on Tuesday denied the government sport’s body had a hand in the “untimely” Commission on Audit demand for the Philippine Olympic Committee to account for its unliquidated financial assistance in 1988.
“The timing and issuance of letters to the POC by the COA are therefore not within the purview of the PSC. These demands or confirmation letters are routinely sent to entities with unliquidated balances, and the POC is no exception. The COA operates independently from the PSC and, as far as we know, has the authority to examine, audit and settle all governmental accounts, including those of the POC,” added the PSC chief.
“The PSC does not believe that COA intended it to be a distraction, and neither was it PSC’s. The PSC only has full-hearted support and encouragement, especially from the PSC Secretariat in China, my Commissioners, and I,” said the PSC chief.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
POC, PSC not seeing eye to eyeNow, it can be said that while Filipino athletes competed in various fronts at the 19th Asian Games, the country’s top two sports officials weren’t seeing eye to eye.
Read more »
Tolentino hits PSC’s demand for POC to liquidate immediately P10m financial assistance for ‘98 AsiadDefining the News
Read more »
POC slams PSC on seeking liquidation report on Bangkok 1998 Asian GamesA broader look at today’s business
Read more »
PSC denies involvement, malice in COA letter vs POCThe Philippine Sports Commission wants to mend things with the Philippine Olympic Committee after the latter cried foul following a letter by the Commission on Appointment flagging them for unliquidated funds
Read more »
PSC clarifies issues on POC's unliquidated mattersPhilippine Sports Commission (PSC) Chairman Richard Bachmann on Tuesday, Oct. 10, clarified issues on the sudden release of Commission on Audit (COA) reports to Philippine Olympic Committee’s (POC) unliquidated matters during the country’s participation in the 19th Asian Games in Hangzhou, China.
Read more »
Bachmann shows support to last competing Filipino athleteDefining the News
Read more »