Delayed/Non-recording of Accounts Payable
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency recorded many of its unpaid bills late, in the wrong accounting period. Some offices have corrected this, but one office says the bills were not recorded in the official books because no disbursement vouchers were presented.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Accounts payables amounting to P 22,909,506.62 were only billed and/or submitted to the Accounting Division for processing after the closing of the CY 2023 accounting period, hence, recorded in the year thereafter."