COA hits TESDA’s P81M unliquidated cash advances
The central office and four regional offices of the Technical Education and Skills Development Authority (TESDA) have yet to liquidate P80.79 million in cash advances as of the end of 2017, the Commission on Audit (COA) said.

COA hits TESDA’s P81M unliquidated cash advances

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The central office and four regional offices of the Technical Education and Skills Development Authority (TESDA) have yet to liquidate P80.79 million in cash advances as of the end of 2017, the Commission on Audit (COA) said.

The cash advances were already due for 30 days to as long as more than one year, the COA said in its 2017 annual audit report.

This was contrary to the General Accounting Manual’s (GAM) requirement for cash advances to be liquidated within five days of the end of the pay period.

The COA said the TESDA management should issue demand letters to the accountable officers of the central office and the regional offices of Cagayan Valley, Mimaropa, Soccsksargen, and Caraga Regions.

It also told the TESDA to impose strict control in the grant and liquidation of all cash advances, and stop granting more advances to officers and employees who have not liquidated their previous advances.

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