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                    [Title] => UCPB launches review of internal checks and balances
                    [Summary] => Weak internal controls, management changes and the general uncertainty over its ownership are making the United Coconut Planters Bank (UCPB) vulnerable to fraud and corruption. 


In the wake of a P70-million scam that led to the reorganization of its Olongapo City branch, UCPB management has launched an internal investigation into its own internal checks and balances. 


                    [DatePublished] => 2004-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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LUMBON FAMILY

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                    [Title] => UCPB launches review of internal checks and balances
                    [Summary] => Weak internal controls, management changes and the general uncertainty over its ownership are making the United Coconut Planters Bank (UCPB) vulnerable to fraud and corruption. 


In the wake of a P70-million scam that led to the reorganization of its Olongapo City branch, UCPB management has launched an internal investigation into its own internal checks and balances. 


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abtest

UCPB launches review of internal checks and balances

By Des Ferriols | May 25, 2004 - 12:00am

Weak internal controls, management changes and the general uncertainty over its ownership are making the United Coconut Planters Bank (UCPB) vulnerable to fraud and corruption. In the wake of a P70-million scam...

Business