Unreconciled Advance for Payroll Balances
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencySome payroll advance accounts do not match official records, and documents supporting one balance were lost during Typhoon Yolanda, making it difficult to verify the amount.
Why It Matters
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Original Audit Finding Excerpt
"Refers to the unreconciled balances of the CO and Regional Office VIII, as well as the unliquidated balance from Regional Office VIII due to the loss of supporting documents caused by Typhoon Yolanda."