Qualified Opinion Due to Aggregate Uncorrected Misstatements
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: MisstatementThe auditor found errors in the financial statements that were not corrected, totaling about 17.67 billion pesos, which led to a qualified opinion.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"A qualified opinion was rendered on the fairness of presentation of the financial statements of DPWH as at December 31, 2024 due to aggregate uncorrected misstatements of P17,673,264,666.82 as presented in Part I – Independent Auditor’s Report and discussed in Part II – Observations and Recommendations of this Report."