Material Variances Between PPE Account Balances and Physical Count
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe recorded PPE of DPWH Offices showed a total variance of P142,657,341,678.96 as against the physical count presented in their respective RPCPPE.
Why It Matters
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Original Audit Finding Excerpt
"The recorded PPE of DPWH Offices showed a total variance of P142,657,341,678.96 as against the physical count presented in their respective RPCPPE."