• Auditors look into shady NFA transactions

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    AFTER the crucial special audit report on the Priority Development Assistance Fund (PDAF) of lawmakers from 2007 to 2009 the Commission on Audit (COA) turned its attention to the supposed fraudulent transactions committed in the National Food Authority (NFA) over the last five years.

    Speaking during the resumption of the Senate blue ribbon committee hearing on the pork barrel scam, COA Chair Grace Pulido-Tan, mentioned that the commission has already commenced with a fraud audit of the NFA based on the results of the previous audit of the NFA.

    “We reviewed the audit reports on the NFA for the last five or seven years and on the basis of that review we saw some badges of fraud that perhaps we need to look into more closely,” Pulido Tan told the committee.

    She explained that fraud audit is more focused on fraud and based on COA initial assessment on NFA, there are already some schemes that may turn out as fraudulent.

    Tan however made it clear that the fraud audit is not an offshoot of the reported rampant rice smuggling in the country, noting that the COA has been assessing the previous COA reports on NFA.

    She said that they have already started an in-depth audit of the agency when the rice smuggling issue came out, making them more interested in completing the task.

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