Unreconciled and Dormant Tax Balances
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH has some tax money that is still not fully reconciled or sent to the BIR, including a dormant account that is still being analyzed.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Validated the withholding and remittances of the taxes and found in order. However, dormant account is subject to on-going analysis and reconciliation by the Management."