Variance Between JEVs and RSMIs for Supplies Issued
Department of Public Works and Highways · 2023
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What Happened?
Category: Inventory ManagementIssue: Inaccurate financial reportingThe accounting records for supplies issued did not match the actual reports from the supply office. The difference is about 1.7 million pesos, meaning records are not reliable.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Furthermore, it was noted that the JEVs prepared by the Accounting Section of DPWH RO No. V for the issuance of supplies and materials from January to June 2023 in the amount of P2,771,964.25 did not reconcile/tally with the amount of P4,459,466.77 as reflected in the attached RSMIs for the same period, thereby resulting in a variance of P1,687,502.52."