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REPORT ON FINANCIAL AUDIT IN RTC

This case has been cited 1 times or more.

2004-01-29
CARPIO MORALES, J.
Both the safekeeping of funds and collections are essential to an orderly administration of justice and no protestation of good faith can override the mandatory nature of the circulars which are designed to promote full accountability for government funds.[23] It needs no emphasis that failure to deposit fiduciary collections immediately with the authorized bank deprives the National Treasury of the interest which such collections should have earned.[24]