Undocumented Customers' Deposits Payable with No Movement for 10 Years
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Documentation DeficiencyThere is a customer deposit that has not been touched for 10 years, and there is no documentation to show what it is for.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Due to the lack of sufficient documentation, it cannot be ascertained whether the balance resulted from a misposting. No movement has been recorded in the account over the past 10 years."