Non-reversion of long outstanding Accounts Payable
Department of Public Works and Highways · 2023
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceOld unpaid bills that should have been reversed because they have no valid claimants were not fully reversed by two offices. One office still has over 24 million pesos in old accounts payable.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Regional Office VI - The remaining amount of P24,862,175.47 pertain to Right-of-Way claims"