The municipality did not remit Pag-IBIG contributions on time and in the correct amounts because payroll documents were submitted late, causing mismatches between what was deducted from employees and what was actually remitted. This happened repeatedly despite prior audit observations.

Why It Matters

Recommended Actions

• Instruct the HRMO to submit in a timely manner the required payroll documents to ensure timely processing and recording of transactions in the books
• And MA and MT to continue to comply with the regulations on the withholding and remittance of premiums and loan amortizations within the prescribed period.

Original Audit Finding Excerpt

"However, despite prior years’ audit observation, over and under remittance due to delay in the submission of payroll documents to the MAO were still observed throughout CY 2022 contrary to sound internal control policies."

Source Document