Reclassification Delayed by Lack of Final Claims, Billings, and Completion Documents from Contractors
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceSome contractors have not submitted the final paperwork (bills and completion certificates), so the accounting offices cannot move the completed projects to the correct asset accounts.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"M2: The Contractors didn't billed yet to the Three (3) remaining projects namely: Contract ID No. 20FI0036 and 22FI0043."