Failure to maintain Subsidiary Ledgers for semi-expendable properties at Sorsogon 1st DEO
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe office did not keep proper records for semi-expendable items, so the value of these assets was not reported correctly.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Page 109 of 508 AGENCY ACTION PLAN AND STATUS OF IMPLEMENTATION Ref. Audit Observation Audit Recommendation Agency Action Plan Status of Implementation Reason for Partial/ Delayed/ Non- Implementation, if applicable Action Taken/ Action to be Taken Action Plan Person/Dept. Responsible Target Implementation Date From To RO I RO II RO III 01-01-24 12-31-24 RO I- Fully Implemented Fully Implemented On-going Implementation cluster basis starting the 1st Semester of FY 2024. SPMD-HRAS submitted the Revised Report on Physical Count of Inventories (RPCI) for the 2nd Semester of FY 2023, taking into consideration COA's recommendation to prepare the same on a fund cluster basis. Regional Office I - Management already submitted the RPCI and"