Non-reconciliation of property and accounting records for PPE
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Asset ManagementIssue: WeaknessThe property records and the accounting records did not match for many government assets. The agency started fixing its inventory reports and reconciling the numbers.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Non-reconciliation of property and accounting records and other deficiency affecting the reliability of PPE balances in the Financial Statements"