Malversation of Public Funds Through Fake Remittance Advices

August 11, 1976 REVENUE MEMORANDUM ORDER NO. 35-76 SUBJECT : Malversation of Public Funds Through Fake Remittance Advices TO : All Regional Directors and Others Concerned In an audit conducted by Fiscal Inspectors of the Fiscal Control Division, this Bureau, it was discovered that a Collection Agent malversed a considerable amount of government funds by the use of unauthorized rubber stamp to show receipt of remittances of collection by the bank. In order to avoid similar incidents of this malpractice and consequent malversation of public funds, all concerned are hereby instructed to see to it that henceforth, whenever remittances of collections are made, official receipts therefor are secured from the depository bank in the absence of a validating machine thereof. These receipts should be attached to the Remittance Advices forwarded to the Accounting Division. Strict compliance with this Order is enjoined. cdt EFREN I. PLANA Acting Commissioner of Internal Revenue TAN 1456-040-3