Dormant Retention Money in Other Payables
Department of Public Works and Highways · 2023
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Dormant accountMoney withheld from contractors has remained unclaimed for over a decade and is still being sorted out.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"It also includes retention money of Samar 1 st DEO which is dormant for more than 10 years and still in the process of reconciliation."