Erroneous derecognition of a building
Department of Public Works and Highways · 2023
Severity: HighRecommendation: 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-complianceA building was wrongly removed from the agency's asset records, and it should be recorded again until the proper transfer is done.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"i) Erroneous derecognition of Building – P60,960,325.40"