Dormant CIP balances totaling P966,732,078.53
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Asset ManagementIssue: WeaknessThe agency had nearly P1 billion in old construction-in-progress accounts that had not moved for a long time. Only part of it was corrected, and the rest is still unresolved.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Existence of dormant CIP balances – P966,732,078.53"