Unreconciled Other Prepayments Balance of P350.8 Million
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencyThe prepayments account includes a huge amount that does not match the central office's own books and has not been reconciled.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"It also includes an unreconciled balance from the books of DPWH Central Office amounting to P350,803,484.67."