Cash Advance Granted Without Required Authority and Fidelity Bond
Department of Public Works and Highways · 2024
Severity: LowRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe office gave an employee money upfront for an event without proper paperwork or insurance, which is against the rules.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"VIII Leyte 3 rd DEO Cash advance for special purpose activity was granted to an official of Leyte 3rd DEO despite the absence of an authority and fidelity bond for such accountability. 90,000.00"