MANILA- A total of P170 million in financial assistance was released by the Philippine Sports Commission to 48 national sports associations despite incomplete documentary requirements, a Commission on Audit report showed.
State auditors said requirements such as Securities and Exchange Commission certificates of registration, copies of articles of incorporation showing incumbent officers, financial reports, as well as invitations from organizers, competition details, copies of passports of the delegation were not submitted.
“Despite the lacking documents, requests for additional financial assistance were still processed by the National Sports Associations Affairs Office and approved by the PSC Board of Commissioners, hence the release of FA,” the COA report noted.
The audit report noted that the PSC management already agreed to submit the needed documents.
The audit report also noted additional financial assistance totaling P115 million was granted to 29 national sports associations despite non-liquidation of previous fund releases.
The PSC board approved the assistance for the training of athletes with their coaches for the 18th Asian Games held in 2018 in Indonesia.
The PSC said that as a precaution, the president or secretary-general of the sports associations concerned were required to sign an affidavit of undertaking to make the signatory personally accountable to the funds.
“The audit team believed that such affidavit is not a guaranty for the liquidation of FA since it was observed that the FA subject of the affidavit still remained outstanding in the books, despite completion of the purpose,” the COA report noted.
COA said the PSC agreed to its recommendations to discontinue the processing of requests until after previous advances are liquidated, and to refrain from granting advances to sports associations with outstanding accounts.
A copy of the audit report was received by the office of PSC Chairman William Martinez on June 20, 2019.
The full audit report on the PSC can be downloaded from the COA website.