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                    [ArticleID] => 294904
                    [Title] => COA uncovers mess in Transco records
                    [Summary] => The Commission on Audit uncovered discrepancies in the audit reports of the National Transmission Corporation-Visayas, which has unverifiable entries in its equity contribution account amounting to P18.902 billion by the end of 2004. 


State auditors revealed that after the National Power Corporation closed its books on Dec. 31, 2004, Transco-Visayas, being a functional group of NPC, still indicated a debit balance of P2.2 billion.


                    [DatePublished] => 2005-09-03 00:00:00
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                    [SectionName] => Cebu News
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POWER SECTOR ASSETS AND LIABILITIES

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                    [ArticleID] => 294904
                    [Title] => COA uncovers mess in Transco records
                    [Summary] => The Commission on Audit uncovered discrepancies in the audit reports of the National Transmission Corporation-Visayas, which has unverifiable entries in its equity contribution account amounting to P18.902 billion by the end of 2004. 


State auditors revealed that after the National Power Corporation closed its books on Dec. 31, 2004, Transco-Visayas, being a functional group of NPC, still indicated a debit balance of P2.2 billion.


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COA uncovers mess in Transco records

September 3, 2005 - 12:00am

The Commission on Audit uncovered discrepancies in the audit reports of the National Transmission Corporation-Visayas, which has unverifiable entries in its equity contribution account amounting to P18.902 billion...

Cebu News