Failure to Prepare RPCSP and Conduct Physical Count of Semi-Expendable Properties
Department of Public Works and Highways · 2023
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What Happened?
Category: Inventory ManagementIssue: Non-complianceThe office did not produce the required annual count report for semi-expendable items, did not conduct physical counts, and did not check whether its records matched what was actually in stock.
Why It Matters
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Original Audit Finding Excerpt
"Records of the RO revealed that the RPCSP was not prepared and submitted. Moreover, Management did not conduct a reconciliation of accounting records with actual inventories on hand."