Long-Outstanding Cash Advances Pending Write-Off Since 2008
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has very old cash advances from 2008 that were never settled; it asked for permission to write them off in 2008 and again in 2017, but they still remain on the books.
Why It Matters
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Original Audit Finding Excerpt
"Out of the total amount, P17,962,594.53 pertains to DPWH Central Office, which consist of cash advances that were requested for write-off dated July 09, 2008 and resubmitted to COA on August 24, 2017."