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Development Bank of the Philippines (DBP) vs Commission on Audit (COA)

DEVELOPMENT BANK OF THE PHILIPPINES, JESUS P. ESTANISLAO, DOLORES A. SANTIAGO, LYNN H. CATUNCAN, NORMA O. TERREL, MA. ANTONIA G. REBUENO, petitioners, vs. COMMISSION ON AUDIT, respondent.

G.R. No. 88435 | 2002-01-16

D E C I S I O N

CARPIO, J.:

The Case

This is a petition for review on certiorari[1] of the letter-decision of the Chairman of the Commission on Audit[2] ("COA" for brevity) and the letter-decision of the COA en banc[3], prohibiting the Development Bank of the Philippines ("DBP" for brevity) from hiring a private external auditor. This petition raises a question of first impression, whether or not the constitutional power of the COA to examine and audit the DBP is exclusive and precludes a concurrent audit of the DBP by a private external auditor.

The Antecedent Facts

In 1986, the Philippine government, under the...