Dormant infrastructure projects with no movement for over five years
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceA few old construction projects have had no transactions for more than five years. Keeping them on the books without review can distort the agency's financial position.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"In addition, the Audit Team of Bataan 1 st DEO noted nine infrastructure projects with a cumulative cost of P4,462,436.27 have not seen any movement for over five years."