Ref. Audit Observations Audit Recommendations Status of Implementation
AAR 61. The Municipal Accountant – 99. Directed the Municipal Accountant to Implemented
2000 Designate failed to submit to the strictly comply with the reglementary
auditor concerned the trial balances on period prescribed under Section 450
time in violation of Section 450 of the of the GAAM in the matter of the
Government Accounting and Auditing submission of monthly, quarterly and
Manual (GAAM), Volume II, thus year-end trial balances.
precluding the auditor from
conducting a timely evaluation of the
soundness of its financial condition.
95
