STATUS OF IMPLEMENTATION OF PRIOR YEARS’ AUDIT
RECOMMENDATIONS
Of the 75 prior years’ audit recommendations, nine (9) were implemented, and 66 were not
implemented.
Status of
Reference Observation Recommendations Implementation/
Result of Validation
2023 AAR; The year-end balance 1. Require the Inventory Not Implemented
AO No. 1; of the City’s Property, Committee to fully
Page No. Plant and Equipment implement the one-time A coordination meeting
49 (PPE) accounts could cleansing of PPE with all persons/
not be fully ascertained account balances per departments responsible
2020 AAR; due to an unreconciled COA Circular No. was conducted on June
AO No. 3, difference of ₱1.61 2020-006 dated January 11, 2024 for clarification
Page No. billion between the 31, 2020, to facilitate on issues and concerns
51 accounting and the reconciliation of regarding one time
property records, year-end PPE balances; cleansing. According to
2019/2017 which goes against and the focal committee,
AAR Paragraph 27 of the completion of the
International Public reconciliation between
Sector Accounting accounting and property
Standards (IPSAS) 1, records shall be
and affects the fair prioritized prior to
presentation of the commencement of
PPE accounts in the inventory count.
financial statements.
2. Direct the CAO and Not Implemented
CGSO to designate
focal persons for each Based on the
office who will coordination meeting,
diligently reconcile their target date for
records and completion of
subsequently make reconciliation process is
necessary adjustments targeted on July 31,
to their respective 2025.
property records.
2023 AAR; Completed projects 3. The CEO expedite the Not Implemented
AO No. 2; and unidentified cots preparation of the Fuel
Page No. totaling ₱23.02 million Consumption Reports, As highlighted during
50 and ₱138.12 million, Report of Completed the exit conference, there
respectively, remained Projects, and the COCs is ongoing liquidation of
2019 AAR; in the Construction in and regularly provide completed projects.
AO No. 2; Progress (CIP) the CAO with copies Likewise, this will partly
Page No. accounts, inconsistent thereof monthly; and be addressed once
47 with Paragraph 27 of reconciliation process for
IPSAS 1 and Section the one-time cleansing is
50 of the NGAS completed.
Manual for LGUs,
Volume I, thereby
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