PH Red Cross says its funds were ‘faithfully’ accounted
MANILA, Philippines — The Philippine Red Cross (PRC) on Sunday said its funds were “faithfully accounted” and that there was no “adverse finding” on any transactions using government funds.
The PRC made the statement after President Rodrigo Duterte threatened to stop government transactions with the humanitarian organization if it will not submit its financial records for an audit.
“The Philippine Red Cross has faithfully accounted for the use of such funds in compliance with the donor agencies’ liquidation and reportorial requirements. These government agencies, in turn, are subject to annual audit by the Commission on Audit (COA),” the PRC said.
“To date, there has not been any adverse finding on any transaction whereby government funds were given to the Philippine Red Cross,” it added.
The PRC said reports on the donations may be acquired by the Office of the President directly from the government agencies. Meanwhile, audits on government agencies may be obtained from the COA.
Duterte further claimed that COA can audit the PRC, despite being a private entity, as it has been receiving financial assistance from the government.
However, the COA earlier said that it cannot audit the PRC as it is a non-government organization.
Subscribe to our daily newsletter
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.