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SiPAT

Mislabeled Total Cash Outflows in Financing Activities

Baliwag City · 2023

Severity: HighRecommendation: Unknown

What Happened?

Category: Financial ManagementIssue: Non-compliance

The cash flow statement accidentally calls the total loan money received a 'Total Cash Outflows' instead of 'Total Cash Inflows'. This makes it look like the city had an outflow when it really received money, even though the final net number is correct.

Why It Matters

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Original Audit Finding Excerpt

"Total Cash Outflows 104998498.5 0"

Source Document

08-Baliwag2023_Part1-FS.xlsx

Baliwag City · 2023 AAR · 13 files