Pag-IBIG Premium and Loan Amortization Discrepancies
Pulilan · 2024
Severity: ModerateRecommendation: Unknown
What Happened?
Category: ComplianceIssue: Internal Control DeficiencyPag-IBIG deductions from employee salaries did not match what was actually remitted because of internal control weaknesses.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"However, discrepancies in the amounts withheld and remitted in CY 2024 were observed due to lapses in internal control, contrary to Sections 2 and 3, Rule Vil of the same Act."
