Erroneous recording of expenses in the wrong accounting period
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: MisstatementCosts from one year were recorded in a different year, which made both years' financial statements wrong.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Erroneous recording of expenses in the proper accounting period - P70,425,390.73"