Unreconciled Other Supplies and Materials Inventory reports – ₱18,474.00
Pulilan · 2021
Severity: ModerateRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe accounting office and the general services office had different figures for the same supplies, and the differences were not resolved.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The reported balances of the Office Supplies Inventory and Other Supplies and Materials Inventory accounts of ₱156,472.75 and ₱180,539.20, respectively, showed discrepancies with the inventory report of the GSO by ₱19,000.00 and ₱(526.00), respectively, or a net amount of ₱18,474.00."