CoA starts audit of two concessionaires’ water rates 03/10/2012

CoA starts audit of two concessionaires’ water rates

03/10/2012
Finally acting on the request of a member of the House of Representatives, the Commission on Audit (CoA) has started an audit examination of the highly questionable water rates imposed by two private concessionaires of the Metropolitan Waterworks and Sewerage System to determine whether or not a full-blown fraud investigation would be necessary.

In his letter to Bagong Henerasyon Rep. Bernadette Herrera-Dy, Leonor Boado, chief of the CoA fraud audit and investigation office under the legal services sector, said the audit unit has conducted an initial evaluation of the solon’s request for omnibus audit of the water concession system that has triggered unabated increases in water rates in Metro Manila and neighboring localities in Cavite, Rizal and Bulacan.

Boado said a rate audit will be conducted to “establish whether or not the case is ripe for a full-blown fraud investigation.”.... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/metro/20120310met4.html