Overpaid Claims from Suppliers Not Refunded
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency paid some suppliers too much and was supposed to get the money back. The process is still not finished, and checks had to be cancelled and reissued because of tax changes.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"We also recommended and Management of DPWH RO No. V agreed to facilitate the refund of overpaid claims from suppliers totaling P1,459,323.50; and henceforth, ensure compliance with revenue regulations in the proper determination and withholding of applicable taxes."