Unreconciled Balances and Over Recoupment of Contractor Advances
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency's books show a balance that cannot be matched with another district office, and also shows that the agency took back more money from a contractor than it should have.
Why It Matters
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Original Audit Finding Excerpt
"Cluster 03 961.13 Consists of unreconciled balances from Camarines Sur 5th DEO and over recoupment of advances to contractor for refund of Antique DEO."