Unreleased and Stale Checks Not Reverted to Cash
Department of Public Works and Highways · 2024
Severity: LowRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceChecks that were printed or issued but never actually given out or that became too old to cash were not properly cancelled and returned to the main cash balance in the accounting records.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Par. 1.12-1.17 Unreleased/stale checks not reverted to cash account — P60,000.00"