Скачать или смотреть Why GOCCs like Local Water Districts Are Subject to COA Audit | Law School Philippines

This topic is discussed in greater detail on my blog: https://mynotabenelawschool.blogspot....

Are Local Water Districts private corporations—or government-owned entities subject to COA audit?

In this video, we break down a Supreme Court ruling involving the Commission on Audit (COA) and the Leyte Metropolitan Water District (LMWD), where the water district refused to pay auditing fees and even demanded a refund.

The Supreme Court clarified an important constitutional doctrine:
corporations created by special charters are government-owned or controlled corporations (GOCCs)—not private corporations—and are therefore subject to COA audit jurisdiction.

This case is a must-know for:
• Law students
• Bar examinees
• Legal practitioners
• Anyone studying Commercial Law or Constitutional Law

📌 Key Doctrine:
Private corporations may exist only under a general law. Congress cannot create a private corporation through a special charter.

▶️ Watch until the end for the clear bar exam takeaway.

🔔 Subscribe for more Supreme Court cases explained simply.