Unreconciled dormant tax accounts and untimely remittance of taxes
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency hasn't fully cleaned up old inactive tax accounts, and while they sent some money to the BIR, the reconciliation is still not done.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"However, dormant account is subject to on-going analysis and reconciliation by the Management."