Account balances without supporting documents
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Internal control deficiencyThe agency has old account balances exceeding P10 million with no paperwork explaining where they came from or why they are on the books.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"No documents to support the establishment of the said account, however same has remained dormant/ outstanding for more than 10 years as evidenced by the Trial Balance as of December 31, 2002."