Status of
Ref. Observation Recommendation Implementation/Result
s of Validation
financial
management.
AAR Monthly Bank 5. The Municipal Implemented
2023 Reconciliation Statements Accountant
, AO (BRS) of the Municipality’s prepare and The Municipal
no. 3, bank accounts were not submit to the Accountant had already
page prepared and submitted to Audit Team the submitted the monthly
24 the Auditor contrary to monthly BRS BRS for the audited year.
Section 74 of P.D. No. 1445 pursuant to
AAR and Sections 3.2 and 3.4 of Sections 3.2 and
2022 COA Circular No. 96-011 3.4 of COA
, AO dated October 2, 1996, Circular No. 96-
no. 2, resulting in the untimely 011 dated October
page detection of the discrepancy 2, 1996.
25 between the Cash in Bank 6. The Municipal Implemented
balance presented in the Accountant and
and financial statements and the Municipal The Municipal
amount reported in the bank Treasurer closely Accountant and
AAR statements of at least coordinate and Municipal Treasurer are
2021 ₱5,414,266.71 regularly reconcile now coordinating,
, AO their respective especially in terms of
no. 2, records for early their records and reports.
page detection and
24 correction of
adjustments and
errors, if any,
pursuant to
Section 74 of P.D.
No. 1445.
7. The Municipal Implemented
Accountant and
Municipal The Municipal
Treasurer trace the Accountant and
discrepancies Municipal Treasurer had
noted, and ongoing reconciliations
reconcile the of discrepancies noted.
Cash-in-Bank
account, as
presented in the
financial
58
