Reciprocal Accounts Not Eliminated and Largely Unreconciled/Dormant
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Internal ControlInternal transactions between the department's central and regional offices have not been reconciled or removed from the books. Many of these balances are old, inactive, and waiting for approval to be written off, which shows a lack of proper inter-office accounting.
Why It Matters
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Original Audit Finding Excerpt
"31 3.17 Pending Lawsuits As at December 31, 2023, the Department has 1,904 ongoing cases, 188 cases on appeal, 1,303 for filing/drafting and 830 decided/terminated for a total number of 4,225 cases as per last submission of the summary of cases by the Office of the Solicitor General, the official counsel of this Department. Majority of the pending lawsuits of the Department pertains to the Acquisi tion of the Right-of-Way, Site or Location for National Government Infrastructure Projects which is governed by Republic Act No. 10752. 3.18 Concession Agreements The Department has entered in Concession Agreements with the following: Concessionaire Details of the Concession Agreement Muntinlupa-Cavite Expressway (MCX) The Concessionaire shall have the exclusive right to grant business concessions and charge and collect fees for Non -Toll User Related Facilities and Toll User Related Facilities situated within the Basic and Additional Right of Way. This right shall"