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                                                                      Status of
  Ref.        Observation            Recommendation           Implementation/Results
                                                                    of Validation
                                   26. The Head of the Implemented
                                       IAS,          before
                                       accepting any roles The Head of the IAS is
                                       and responsibilities very clear in refusing
                                       outside of internal roles and responsibilities
                                       auditing, assess first that might affect his
                                       its impact on his independence             and
                                       independence        or objectivity.
                                       objectivity.
                                   27. The Head of the Unimplemented
                                       IAS promulgate an
                                       Internal       Audit The preparation of the
                                       Charter,            in Internal Audit Charter
                                       accordance      with was still on-going.
                                       IASPPS,             to
                                       establish rules and
                                       restrictions
                                       regarding internal
                                       auditors assuming
                                       non-audit
                                       operational
                                       activities.
AAR      The City did not 28. The City Assessor: Unimplemented
2023,    undertake the general
AO no. revision       of     real      Fast-track        the The City was still
15, page property assessments          preparation of the awaiting the province's
63       every three years and         updated SMVs of action in preparing the
         therefore, not using an       the City, seeking updated SMVs.
         updated Schedule of           technical assistance
         Market          Values,       from the Provincial
         contrary to Sections          Assessor and/or the
         212 and 219 of R.A.           DOF-Bureau          of
         No. 7160 and DILG-            Local Government
         DOF JMC No. 2010-             Finance, pursuant
         01, hence precluding          to Section 212 of
         the      City      from       RA No. 7160; and
         maximizing            its 29. Initiate          the Unimplemented
         revenue-raising power         immediate conduct
         to generate additional        of      a    general General revision of real
         funds     to    finance       revision of real property assessments can


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