PH Red Cross says its funds were ‘faithfully’ accounted | Inquirer News
Close  

PH Red Cross says its funds were ‘faithfully’ accounted

/ 03:55 PM September 12, 2021
Philippine Red Cross

(FILE) CAMPUS STOP The mobile vaccination center “Bakuna Bus” of the Philippine Red Cross (PRC) makes a stop at the University of the Philippines College of Nursing in Manila on Tuesday. Around 300 vaccination slots were opened, with priority given to students, according to the PRC. —MARIANNE BERMUDEZ

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.

ADVERTISEMENT

“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.

FEATURED STORIES

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.

RELATED STORIES:

Duterte threatens to stop gov’t transactions with Red Cross

COA: We have no power to audit Red Cross

Palace insists COA has jurisdiction over Red Cross

/MUF

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

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.

TAGS: Audit, funds, Philippine Red Cross, PRC
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.