Unreconciled inventory balances totaling P215,398,792.50
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Asset ManagementIssue: Non-complianceThe agency's inventory numbers did not match between different records. Over P215 million worth of inventory could not be reconciled, and the problem continued into the next year.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Non-reconciliation of balances between the reports/records - P215,398,792.50"