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SiPAT

Misclassification of LDRRMF and DRRMF Expense Accounts

Pulilan · 2024

Severity: LowRecommendation: Unknown

What Happened?

Category: Financial ReportingIssue: Misstatement

Some expenses paid from the disaster risk reduction fund were recorded under the wrong budget categories, such as labeling printing materials as textbooks and canal cleaning as general maintenance, which makes the financial reports less accurate.

Why It Matters

Recommended Actions

No recommendations are available for this finding yet.

Original Audit Finding Excerpt

"minimal misclassification of expenses accounts charged against the fund, thereby affecting the accuracy and reliability of financial reports as of year-end"

Source Document

Pulilan2024_Audit_Report.pdf

Pulilan · 2024 AAR · 3 files