"May I respectfully write as a concerned citizen on a proposition of national interest: that blatant acts of corruption, like the P728-million fertilizer scam, can be detected and prevented if the distinguished highest officials of the land will join hands, map out what needs to be done, and do everything to minimize, once and for all, the continuing corruption in our midst that sucks the lifeblood of the nation.
"As a certified public accountant (CPA) who once made a living out of practicing the art of fraud prevention in private and public sectors, I suppose I can see why the Philippine government has not attained respectable success in its fight against corruption.
"What seems disappointing and puzzling is that the pillars of the auditing profession, who can help minimize corruption, have not made their presence felt in the alleviation of the problem. Is it because they are not familiar with the systems and control procedures for the governments trillion-peso annual disbursements the source of large-scale corruption usually reported by the Commission on Audit?
"Examples of alleged corruption are overwhelming, such as: the past textbook scam, the multi-billion-peso Clark Centennial scam, the PIATCO contract, the Diosdado Macapagal Boulevard overpricing, the COMELEC-Mega Pacific computer deal, the P728-million fertilizer scam, and the P20-billion diverted Marcos funds.
"For example, topnotch lawyers might have seen many times the television newscasts years ago about how Governor Chavit Singson obtained a P200 million cash advance for the purchase of tobacco flue-curing equipment, then had a part of it misappropriated.
"The news might have registered nothing to them except for the anomalous diversion of a significant part of the cash advance to an illegal purpose. However, internal control specialists would see much more.
"They would know that granting of cash advances should be generally limited to small expenditures like transportation and travel expenses, not for such multi-million-peso purchase of equipment, which should have been subjected to public bidding by the provincial government itself, not handled solely by the provincial Governor.
"The cash advance violated the internal control rule that no one person should be in complete control of transactions, a situation that eliminates checks and balances and facilitates fraud even without the connivance of other persons.
"With the very lax rule on granting of cash advances, especially with the absence of pre-audit on subsequent cash advances even without full liquidation of old ones, the result is the present staggering P17.1 billion unliquidated cash advances in the government!
"Having the wrong professionals conceptualize and implement the nations anti-corruption roadmap is like having an engineer argue a case before the Supreme Court. This monumental omission is one of the key factors in the governments failure to minimize corruption.
"In college, students aspiring to become CPAs studied auditing that included internal control and fraud prevention. Later, over the years, as CPAs who practice the auditing profession, they gained audit expertise and attained professional maturity, so that whatever fraud-prevention knowledge lawyers learned by accident and accidents do not always happen in the course of their overseeing the countrys anti-corruption campaign, CPAs learned by design in college and in actual training and practice, to the extent that it has become instinctive to them.
"Therefore, why didnt WB and ADB require the Philippine Government, as precondition to their technical and financial assistance, to utilize capable CPAs in the anti-corruption war? Or, on its own, why didnt the Office of the President, or the government, employ fraud-prevention expert CPAs in fighting corruption? Havent concerned government officials heard of these professionals?
"If right men, materials, and equipment are needed in the successful pursuit of any major undertaking, in the governments anti-corruption program it does not employ some of the crucially needed right men."
Any reactions or comments on the above?
Although still in a makeshift stall at the old domestic terminal where passengers of Cebu Pacific and other lesser weight airlines are being cramped, Cinnabon is selling like hot cakes. Arben Santos, the franchise holder of Cinnabon in the Philippines, is hoping that soon they will be able to open an outlet at the more plush terminal where PAL operates.
The eight-playing days of the CCL knock-out competition (loser goes home) produced exciting and high-intensity games. The players appreciated the challenge of competing with other teams belonging to other leagues. The competition elevated collegiate basketball to another level.
Even if winning the UAAP crown, the NCAA title or the Cebu basketball league are great achievements in their own rights, besting other teams and being the last team standing after a knock-out no second-chance duel is a feat to brag about. Something to look forward to as a higher goal.
Details about the venues and schedules of other qualifying/satellite tournaments are posted in the Philippine Poker Tour (PPT) official web site at HYPERLINK "http://www.PhilippinePokerTour.com" www.PhilippinePokerTour.com. Those interested to join these satellite/qualifying tournaments and win seats to the Grand Finals on 16th to 17th December 2006 may also call the PPT Secretariat (c/o Cindy) at 817-9092 or 812-0153.
Should you wish to share any insights, write me at Link Edge, 4th Floor, 156 Valero Street, Salcedo Village, 1227 Makati City. Or e-mail me at reydgamboa@yahoo.com or at reygamboa@linkedge.biz. If you wish to view the previous columns, you may visit my website at http://bizlinks.linkedge.biz.