Monday 17 December
Jul 21, 2018 @ 11:59

What P700M anomaly? COA confused over lotto sales data of PCSO ? Willy Ocier

 

Pacific Online System Corp. chair Willy Ocier is claiming that the Commission on Audit (COA) erred when it reported a P688.517 million discrepancy in the 2017 lotto sales report of Philippine Charity Sweepstakes Office (PCSO).

In a statement to Bilyonaryo, Ocier said the COA report on the alleged P700 million anomaly was ?not accurate? because its auditors compared two different reports ? one for ?daily sales? and one for ?draw sales.?

The ?P700 M anomaly? reported in your article is not accurate. The two (2) reports generated from the system that the COA saw and reported a ?material discrepancy? on were the ?daily Sales? (which consists of the current day draw and for the next five draws) and ?draw sales? (which consists of daily sales plus advanced sales from previous draws).

Ocier said that this was the the reason why the P13.466 billion lotto sales reported by PCSO in the 2017 annual report would not tally with the numbers using the daily and draw sales ?without doing a reconciliation of cut-off periods.?

?Such reconciliation has been done by POSC and will be presented formally to the PCSO shortly,? said Ocier.

Pacific Online has an equipment lease agreement (ELA) with PCSO for its lotto operations mainly in the Visayas and Mindanao regions.

P700M anomaly: COA flags Willy Ocier?s Pacific Online 2017 revenue report to PCSO as ?doubtful?

P4.3B bust! COA urges PCSO to shut down lottery game Keno operated by Willy Ocier’s Pacific Online

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