The Commission on Audit recognized the Office of the Vice President as one of the government agencies with the highest audit rating, for the third straight year.
The Energy Regulatory Commission under the Energy Department and the Insurance Commission under the Department of Finance, among others, also got the same rating for 2019.
But the OVP was able to explain that the low fund utilization was due to a few factors, such as the ban on giving assistance during the 2019 election period, COA pointed out. "While the impact of the change in policy may take considerable time before the objectives can be fully met, expanding the reach to more indigent and vulnerable families significantly improved during the year," COA commended.
COA in effect recommended that the OVP's accountant attach the necessary documents and monitor the submission of receipts and invoices.
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