Misclassification of LDRRMF and DRRMF Expense Accounts
Pulilan · 2024
Severity: LowRecommendation: Unknown
What Happened?
Category: Financial ReportingIssue: MisstatementSome 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"
