Uninsured properties and equipment
Department of Public Works and Highways · 2023
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Asset ManagementIssue: Non-complianceSome government buildings, vehicles, and equipment are still not covered by insurance.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Substantial items of PPEs were already insured in GSIS. Similar audit observation was still noted during the year."