Logo

SiPAT

Inconsistency in Trust Liabilities - DRRM Funds Balance

Pulilan · 2021

Severity: HighRecommendation: Unknown

What Happened?

Category: Financial ManagementIssue: Misstatement

The 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."

Source Document

09-Pulilan2021_Part1-Notes_to_FS.docx

Pulilan · 2021 AAR · 11 files