Non-moving inventories left idle and unused since CY 2013
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Asset Management DeficiencyThe department has 46 million pesos worth of supplies and spare parts that have been sitting unused since 2013, taking up space and likely obsolete.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"CO-OSEC – P 53,429,098.14 Of the amount, P 46,266,710.89 were left idle and unused for several years since CY 2013."