Understated Drugs and Medicines Inventory – ₱1,612,462.81
Pulilan · 2021
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe value of medicines at one rural health unit was left off the books, so the reported inventory was lower than the actual stock on hand.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The on-hand drugs and medicines at the RHU II amounting to ₱1,612,462.81 was not recognized in its appropriate Inventory account. The reported balance of the Drugs and Medicines Inventory account amounting to ₱445,439.75 as at year-end showed that it pertains only to the drugs and medicines on hand at Rural Health Unit (RHU) I."