Unrecorded issuances of inventories and semi-expendable properties not fully implemented
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceMany inventory items that were used or issued were not recorded in the books; only part of the problem was corrected, and a large amount is still waiting to be processed.
Why It Matters
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Original Audit Finding Excerpt
"The remaining balance of P 18,229,549.97 is still on-going since the Supply Unit is still reconciling its records thus waiting for the issuance of RSMI/RSPI."