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STATUS OF IMPLEMENTATION OF PRIOR YEARS’ AUDIT
RECOMMENDATIONS
Of the 84 prior years' audit recommendations, 1 was issued with a Notice of Disallowance. Of
the remaining 83 audit recommendations, 28 were implemented and 55 were unimplemented,
as shown in the results of validations presented below:
Status of
Ref. Observation Recommendations Implementation / Results
of Validation
2023 1) Fourteen completed projects The City Accountant record the
AAR, under the GF totaling necessary entries in the GF books as
AO ₱38,830,481.08 remained recorded follows:
No. 1, in the CIP accounts contrary to
page Section 50 of the Manual on the 1) Transfer the cost of the 14 Implemented
33 NGAS and IPSAS 17, hence, completed projects from the CIP JEV was prepared by
overstating the CIP accounts while accounts to the corresponding the Accountant.
understating the corresponding PPE PPE accounts.
accounts and depreciation expense
by ₱794,439.60. 2) Recognize depreciation expenses Implemented
totaling ₱794,439. Depreciation expense
for these CIPs were
reported in the FS.
3) The City Accountant, henceforth, Unimplemented
regularly monitor the City’s CIP As of December 31,
accounts to ensure the timely 2024, the CIP
transfer of the completed projects accounts still include
to the corresponding PPE projects that were
accounts. physically completed
but were not yet
transferred to the
appropriate PPE
accounts. According
to the personnel of
the CAO,
construction
materials used for
these completed
projects were still not
recorded in the books
due to the non-
submission of the
SSMI by the CGSO.
2023 2) A difference of 4) The CGSO fast-track the Unimplemented
AAR, ₱21,036,793.98 in the balance of the submission of the RSI and SSMI Timely preparation
AO CIP account exists between the to the CAO for the proper and submission of the
No. 2, records maintained by the CAO and recognition of project expenses. SSMI by the CGSO to
page the City Planning and Development the CAO was not
37 Office (CPDO), which is not implemented.
compliant with IPSAS 1, thereby
adversely affecting the reliability 5) The City Accountant closely Unimplemented
and fairness of presentation of the coordinate with CGSO and
CPDO to expedite the
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