Unreconciled Cash-Collecting Officers Balance from e-NGAS Implementation
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Internal ControlThere is a very old 1,000 peso balance in a cash collection account that has been carried since the e-NGAS system was introduced. It still needs to be verified and cleared, meaning the account may contain a stale amount that should be investigated.
Why It Matters
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Original Audit Finding Excerpt
"Balance solely came from Region IX which pertains to Cash-Collecting Officer of Zamboanga Del Sur 1st DEO, Pagadian City which is the account’s beginning balance during the onset of e-NGAS. This amount is subject for verification/ reconciliation."