Long-outstanding and unreconciled Other Receivables
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencySome money owed to the agency has been unpaid for a very long time (over 15 years), some old balances cannot be identified because records were destroyed, and some figures do not match the accounting records.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"40 5.3.3 Due from Operating Units account is used to recognize transfer of funds not covered by allotment to the Operating Units from the Field Units with complete set of books or from the Central/Regional Office/Bureaus of NGAs. It also includes fund transfers to an Operating/Field Unit from another Operating/Field Unit of the same agency. Fund Cluster Amount (In PhP) Details Cluster 01 1,660,242.46 Account is used to recognize transfer of funds not covered by allotment to the Operating Units from the Field Units with complete set of books or from the Central/Regional Office/Bureaus of NGAs. Cluster 02 3,100,215.49 Account mainly consists of funding checks released for the implementation of Mindanao Sustainable Agrarian and Agriculture Development (MinSAAD) and ARISP Projects. Cluster 03 283,849.24 Balance solely comes from the Central Office and there was no movement of the account for the year. Cluster 06 13,432,060.24 Balance is attributable to Central Off"