Unreconciled Inter-Agency Receivables
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH's records of money owed by other government agencies do not match those agencies' records. The differences total about 435.8 million pesos, and DPWH cannot provide complete paperwork to prove all these receivables are valid.
Why It Matters
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Original Audit Finding Excerpt
"Confirmation of balances with various IAs revealed discrepancies or unreconciled differences amounting to P435,785,685.44 between the records of various DPWH offices and those of the IAs."