Charging Non-Petty Expenses to Petty Cash Fund
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe office used petty cash to pay for large seminar fees and office supplies, which should have been paid through regular disbursement procedures.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"207 2.10 We recommended and Management of DPWH RO X and Isabela City DEO in Region IX agreed to direct the Accountants and Cashiers to facilitate the reconciliation and proper disposition/closure of the dormant bank accounts in accordance with COA Circular No. 97-001. c: Other deficiencies/lapses in internal control over cash management 2.11 Sound internal control and rules and regulation pertinent to cash management were not fully adhered to, inconsistent with Section 3, Chapter 21, Volume I of the Government Accounting Manual for National Government Agencies and COA Circular No. 97 -001, which exposed public funds to risks of possible loss or misappropriation. 2.12 In the conduct of cash examinations on the cash and accounts of Accountable Officers (AOs) of different DPWH Offices, several deficiencies were disclosed, as follows: Table 33 – Other Deficiencies in Cash Management Criteria Lapses/Deficiencies Region Office Section 1.b of Executive Order (EO) No. 91"