Unreconciled PPEs in Other Assets
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Unreconciled balanceThe agency has property and equipment that cannot be reconciled and are lumped into other assets.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Cluster 01 586,660,980.99 Account balance consists of prior year’s balance of items in transit account, obsolete, fully depreciated, and unreconciled PPEs."