Abnormal/negative Advances to Contractors balances totaling P4,581,565.46
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: 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: Financial ManagementIssue: ErrorSome contractor advance accounts showed negative or impossible balances. The agency corrected the errors on its books and put controls in place to prevent them.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Abnormal/negative balances of Advances to Contractors account – P4,581,565.46"