Delayed and Non-Submission of Financial Reports and Transaction Documents Worth PHP 287.24 Billion
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH failed to send required financial reports and backup documents to the auditors on time, covering hundreds of billions of pesos in transactions, which kept auditors from verifying whether the spending was proper and legal.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Financial reports, records and documents in the aggregate amount of at least P287,242,587,720.70 were either submitted late or unsubmitted to the Office of the Auditor contrary to pertinent provisions of Presidential Decree No. 1445, COA Circular Nos. 2009-006 and 94-013, and Government Accounting Manual for National Government Agencies, consequently, the validity, regularity and propriety of the transactions were not fully or timely reviewed and evaluated."