Persistent Financial Shortfalls in Kawit, Cavite: A Decade of Cash Deficits – COA
The financial challenges facing the Municipality of Kawit, Cavite, have deepened, as revealed by a recent Commission on Audit (COA) report. The municipality has consistently failed to meet its projected income from local sources, leading to a decade-long history of…
COA Uncovers P52-Million Accounting Errors in Kawit LGU’s Land Improvements
The Commission on Audit (COA) has flagged the Municipality of Kawit, Cavite for reporting its land improvements without any accumulated depreciation in its financial statements for the year 2022, contrary to the accounting standards and policies. According to the COA…
COA Finds P80-Million Irregularities in LGU Kawit’s PPE Account
The Commission on Audit (COA) has found irregularities in the Property, Plant and Equipment (PPE) account of the Local Government Unit (LGU) of Kawit, Cavite, amounting to more than P80 million. According to the latest COA’s Annual Audit Report, released…