Unaccounted properties and equipment
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencyThe agency could not account for about P1.34 billion of its properties and equipment. It investigated, found the missing items, and recorded them in the books, and the auditors verified the entries.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Investigate the unaccounted properties and equipment;"