The Armed Forces of the Philippines (AFP) announced Monday that it remains firmly committed to transparency, accountability and strict adherence to governing policies in the management of public funds.

This came after reports that the Commission on Audit (CoA) flagged the AFP over its unauthorized maintenance of six bank accounts with a total balance of P72.86 million and unliquidated cash advances amounting to P201.86 million as of end-2024.

“We acknowledge CoA’s findings on P201.86 million in unliquidated cash advances and P72.86 million in unauthorized bank accounts, and view these as part of a constructive process that strengthens governance and financial discipline,” the AFP said in a statement sent to DAILY TRIBUNE.

On unliquidated cash advances, the AFP, through the AFP Accounting Center and in coordination with the AFP Finance Center, said it has implemented corrective measures, including the withholding of salaries of accountable officers, issuance of demand letters, and the pursuit of administrative and legal remedies to recover outstanding obligations.

Efforts are also underway to track accountable officers who are no longer in the service and to recover public funds in full compliance with CoA directives, it added.

“On unauthorized bank accounts, the AFP has taken decisive steps to regularize and close the accounts cited in the audit. The AFP Medical Center has closed the account for the PCSO Endowment Fund, the Presidential Security Command has completed the closure of its two accounts, and the Eastern Mindanao Command has undertaken corrective actions to ensure full compliance with government financial policies,” the AFP said.