{"id":777007089,"date":"2023-07-10T08:10:00","date_gmt":"2023-07-10T11:10:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007089"},"modified":"2026-04-22T20:15:22","modified_gmt":"2026-04-22T23:15:22","slug":"philippines-commission-on-audit-to-examine-pogo-ggrs","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-commission-on-audit-to-examine-pogo-ggrs","title":{"rendered":"Philippines Commission on Audit to examine POGO GGRs"},"content":{"rendered":"\n

The Commission on Audit (COA) has been granted the authority to scrutinise gross gaming receipts.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0The Department of Justice (DOJ)<\/strong>\u00a0has reported that the Philippine Commission on Audit (COA) has been authorised to investigate the gross gaming receipts (GGRs) of POGOs while the\u00a0Philippine Amusement and Gaming Corp. (PAGCOR)<\/strong>\u00a0seeks a third-party auditor.\u00a0<\/p>\n\n\n\n

In a legal guidance provided to COA chairman Gamaliel Cordoba, the DOJ said audits of POGO GGRs must be conducted by an independent, reputable, internationally known and duly accredited third-party auditor in accordance with the National Internal Revenue Code. However, in cases where PAGCOR requires COA’s assistance due to violations by the third-party, the state auditor may proceed with the examination while\u00a0PAGCOR continues its to seek a qualified third-party<\/strong>.<\/p>\n\n\n\n

In March,\u00a0PAGCOR terminated the contract of the third-party auditor<\/a>\u00a0responsible for auditing POGOs. The service provider was found to be in default of its obligations and to have committed unlawful acts.<\/p>\n\n\n\n

DOJ officer-in-charge Raul Vazquez cited relevant laws, including Republic Acts 11590 (the law on taxing POGOs) and 9184 (the Government Procurement Reform Act), to support PAGCOR’s request for COA’s involvement in the absence of a third-party firm.<\/p>\n\n\n\n

Vazquez stressed the importance of auditing POGO GGRs to prevent potential government losses, stating that without proper oversight, POGOs could underreport their earnings, thereby defrauding the government.<\/p>\n\n\n\n

Cordoba told The Phil Star that COA has the authority to audit POGO GGRs under Presidential Decree 1445 (the Government Auditing Code of the Philippines) and is qualified to examine GGRs under RA 11590. <\/p>\n\n\n\n

See also:<\/strong>\u00a0Valenzuela city bans POGOs and other gambling activities<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Commission on Audit (COA) has been granted the authority to scrutinise gross gaming receipts.<\/p>\n","protected":false},"author":176,"featured_media":777007112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Department of Justice has authorized the Commission on Audit (COA) to scrutinize the Gross Gaming Receipts (GGRs) of Philippine Offshore Gaming Operators (POGOs) in the interim. This decision follows the termination of PAGCOR's previous third-party auditor due to default and unlawful acts, underscoring a heightened focus on regulatory compliance and revenue assurance within the iGaming sector.","focusai_entities":"Commission on Audit (COA), Department of Justice (DOJ), Philippine Amusement and Gaming Corp. (PAGCOR), Gamaliel Cordoba, Raul Vazquez, The Phil Star","focusai_location":"Philippines, Valenzuela city","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"PAGCOR's Auditor Selection?","query":"What specific criteria will PAGCOR implement for the selection of a new, internationally accredited third-party auditor, and what is the projected timeline for this procurement process?"},{"label":"Impact on POGO Operations?","query":"How will the COA's direct GGR auditing authority, particularly in the absence of a third-party, specifically alter the operational and financial reporting obligations for existing POGO licensees?"}],"footnotes":""},"categories":[439,16333],"tags":[405,15789],"class_list":["post-777007089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-pagcor","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007089"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007089\/revisions"}],"predecessor-version":[{"id":777007092,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007089\/revisions\/777007092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777007112"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}