Why audit of PPP contracts by COA the next hurdle
Why do some sectors say audit of public-private partnership (PPP) projects by the Com-mission on Audit (COA) is the next hurdle or challenge of awarded contracts? Why is a COA PPP Audit Guide (P3AG) a necessity? Do field auditors fully understand PPPs? What would be the harmful effects if field auditors have differing views on PPPs and varying interpretations of PPP contracts?
- Call for consistency. The absence of an official framework for audit of PPP projects and the comments by some that private funds may be subject to COA audit scare PPP stakeholders. Without a P3AG, COA Central officials and field auditors may make inconsistent and unsound audit findings.