Non-moving inventory items idle since CY 2013
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Asset ManagementIssue: WeaknessThe agency still had millions of pesos of old inventory that had been sitting unused since 2013. It could not prove where the items were or show documents to remove them from the books.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Of the amount aggregating P53,429,098.14, P46,266,710.89 worth of inventory items have remained idle and unused for several years since CY 2013."