Deficiencies in the one-time cleansing of PPE accounts under COA Circular No. 2020-006
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceDistrict offices did not follow the required procedures for a special one-time cleanup of asset records, such as creating inventory committees, submitting inventory plans, and tagging counted items, so the asset balances may not be reliable.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Review and evaluation of property documents and observation of the procedures done in the conduct of one-time cleansing of PPE by the different DPWH DEOs in Region II and Region VI revealed departures from some of the provisions of COA Circular No. 2020-006, with details presented as follows:"