The municipality withheld Pag-IBIG contributions but often remitted them late or in wrong amounts because payroll documents were submitted late to the accountant, which is a weak internal control.

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

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