TO:	1.	The Prime Minister
	2.	All Heads of Ministries
	3.	All Government-owned or Controlled Corporations

I notice that the internal audit system of government-owned or controlled corporations and some financing institutions is weak resulting in some losses which are too well known to be discussed.

I direct the Office of the Prime Minister to immediately take steps to improve and strengthen the internal audit system of government-owned or controlled corporations including the Philippine Veterans Bank.

Report of compliance with this instructions shall be submitted to the President within fifteen days.


Manila, February 24, 1982