Inconsistency in Trust Liabilities - DRRM Funds Balance
Pulilan · 2021
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: MisstatementThe reported amount of unutilized disaster risk reduction funds for 2021 is much higher than the actual balance shown for the same liability account, which suggests an error in the financial records.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"As of December 31, 2021, Trust Liabilities – Disaster Risk Reduction and Management amounts to ₱238,572.06."
