Petty cash funds and cash advances lacked supporting documents
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceMoney given out for small purchases and cash advances was not always backed up with proper receipts and reports. The office now keeps records and purchase summaries.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"direct the Accountable Officers of RO No. V and Cagayan De Oro City 1st DEO in Region X to ensure that the grant of Petty Cash Funds (PCF) and cash advances, disbursements and liquidations thereof are properly and duly supported with documentary requirements and reports;"