Unremitted employee contributions and loan amortizations
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceDeductions taken from employees' pay for Pag-IBIG and loan payments were not turned over to the receiving agencies.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Ending balances of Due to Pag -IBIG pertains to premiums, contributions, and loan amortization of employees that were not remitted as of the balance sheet date."