Massive Expenditures Without Complete Supporting Documents
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency spent over 18 billion pesos without all the required paperwork, making it impossible to verify whether the spending was proper.
Why It Matters
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Original Audit Finding Excerpt
"Further, expenditures aggregating P18,477,634,017.07 were made without proper and complete supporting documentary requirements contrary to Section 4(6) of PD No. 1445 and COA Circular No. 2012-001; thus, the validity and propriety of the transactions were not fully ascertained and evaluated."