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Status of
Ref. Observation Recommendation Implementation/Results
of Validation
and establish
accuracy of its PPE
balances reported in
the financial
statements.
3. Lastly, the Unimplemented
Inventory
Committee shall Management cannot
adopt the uniform immediately implement
numbering system the numbering system
for property required by COA since
numbers of PPE Bayawan City is using a
and require the different numbering
Property Unit to system, which is
update the property currently integrated into
stickers based on their eNGAS.
the prescribed
format and to
include the required
information under
Sections 5.6 and 5.7
of the said COA
Circular.
AAR Prior year expenditures 4. The City Unimplemented
2023, aggregating Accountant shall
AO no. ₱5,016,193.60 were direct the The Office of the City
2, page erroneously recorded Accounting Clerk Accountant had already
40 as current year assigned in accrued necessary
expenses, contrary to recording the expenses before year-
Section 119 of PD No. expenditures to, end. However, there were
1445 and IPSAS 1, henceforth, review still prior year
therefore resulting in those which pertain expenditures totaling
the overstatement of to the prior period, ₱1,677,395.76 which
the related expense and journalize these were erroneously
accounts and items as recorded in CY 2024.
understatement of the adjustments to
surplus for the current equity and This is reiterated in the
period, affecting the corresponding real audit of CY 2024
fairness of the or accrued accounts as Audit
accounts, rather Observation (AO) No. 5.
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