COA Uncovers P31.5M Abnormal Balances in Bohol Capitol Accounts
A Commission on Audit (COA) report has flagged several liability accounts of the Bohol Provincial Government totaling over P31.5 million pesos for abnormal balances and misstatements, potentially affecting the fair presentation of financial statements. The COA report, covering fiscal year 2022, identified issues with three main accounts: “Due to GSIS,” “Due to Pag-IBIG,” and “Due…
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