Ref. Audit Observations Audit Recommendations Status of Implementation
2015-008 dated November 23, 2015,
thereby, affecting the fair presentation
of the account in the financial
statements.
AAR 12. The Cash in Bank – Local Currency, 19. We recommended that the Municipal Unimplemented
2022 Current Account (LCCA) (10102010) Accountant exert extra effort to seek Management had not yet reconciled the
p.34 showed a difference of ₱749,709.77 the necessary evidence or subject items because they lack of
against the confirmed balance from documentation to support the supporting documents of the items which
the depository banks of the correction of the errors noted and, existed before CY 2001.
Municipality, while the Bank henceforth, improve monitoring and
Reconciliation Statements (BRS) reporting systems, particularly in the
showed that the amount of preparation of the BRS, to ensure that
₱1,884,765.39 remained unadjusted reconciling items that need attention
due to a lack of supporting documents are addressed on a timely basis so as
and details and the accumulation of not to defeat the purpose of preparing
long outstanding reconciling items, the said report.
contrary to Section 3 of COA Circular
No. 96-011 dated October 2, 1996, 20. We further recommended that the Implemented
thus presenting an inaccurate and Municipal Treasurer secure all stale
unreliable balance in the financial checks and their supporting
statements. documents, cancel the same and
furnish the Accounting Office with the
original DVs for them to prepare a JEV
restoring the Cash in Bank and
crediting Accounts Payable and Prior
Years’ Adjustment for stale checks less
than two years and for those beyond
two years, respectively, and
henceforth, regularly monitor all
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