Derecognition of disposed unserviceable equipment not fully implemented
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceSome old or broken equipment that was sold or removed is still listed on the books because the paperwork is not complete.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"For the remaining amount of P55,015.11, the sections concerned are in the process of collating the necessary documents to record the disposal of the items."