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SiPAT

Understated Cash Ledger Tax (CLT) Account Balance

Pulilan · 2023

Severity: ModerateRecommendation: Unknown

What Happened?

Category: Financial ManagementIssue: Misstatement

The municipality's cash account was reported at about 5,000 pesos less than it should have been because cash advances that were returned at the end of the year were not recorded.

Why It Matters

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Original Audit Finding Excerpt

"(a) the reported balance of the CLT account amounting to ₱30,141,696.25, was understated by ₱4,999.98 due to unrecognized collections from returns of cash advances as of year-end;"

Source Document

06-Pulilan2023_Part1-Auditor's_Report.pdf

Pulilan · 2023 AAR · 13 files