Erroneous Recording of Expenditures Charged Against EAO
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Improper Accounting TreatmentCosts that should have been categorized under specific assets or general operational expenses were incorrectly charged to administrative overhead funds.
Why It Matters
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Original Audit Finding Excerpt
"Sector : National Government Audit Sector Team. : Audit Group A—DPWH1 Agency Audited : Department of Public W. Audit Period CY 2024 CAAR Date > duk 202 [CY 2024 FINANCIAL AUDIT Accounting Errors, Omissions and Improper Accounting Treatment of Transactions ACTION PLAN MONITORING TOOL As of September 30, 2025 Consolidated by Reviewed by Approved by She: ¥ ‘ido/ Joanna Marie C. Flo Date A Members Date Date In foncurrent Capacity as Supervising Auditor, DPWH 1 - Audit Group A November 27, 2025 November 27, 2025 Par. ‘art IL of | Net understatement of Cash and Cash Equivalents by P1,962,178.12 CY 2024 DPWH CAAR Par. 1.7-1.11 Unrecorded credit memoranda - P1,989,272,17 recommended and Management of DPWH Bukidnon 2nd DEO in reflect the actual bank balance in the books of accounts as at December 31, 2024; and b) henceforth, closely coordinate with the Cashier Division to immediately identify/resolve bank 08/31/ | 12/3%/ | Fully 2025 |2026 | Implemented 08/31/ | 12/31/ |"