Misamis Oriental 2nd DEO: Partial Reclassification of Completed Infrastructure Projects
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe office had over two billion pesos' worth of finished projects, but had only moved about 41% of that amount to the fixed-asset account.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"2,245,425,328.48 Out of the total amount of 2,245,425,328.48, P930,124,980.00, were already reclassified to proper asset accounts."