Erroneous recording of recoupment of Advances to Contractors
Department of Public Works and Highways · 2023
Severity: ModerateRecommendation: Unknown
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Financial ManagementIssue: Non-complianceMoney advanced to contractors was recorded incorrectly in the books. The error has been fixed by the relevant offices.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"a) Erroneous recording of recoupment of Advances to Contractors – P3,651,692.85"