Instructions (SAIs) dated 11 November 2024 of the Office of the Regional Director, Local
Government Audit Sector. Attached is the Status of Implementation of the GAIs and SAIs as of
June 25, 2025 for references on the areas audited.
GAI/SAI Focus Area Remarks
A. Financial Audit
• Cash With bank reconciliation and bank
confirmation
• Accounts/Loans Receivables No audit finding
• Cash Advances, Fund Transfer and Other With audit finding - AO No. 7
Receivables
• Inventories Not audited in CY 2024
With audit finding No. 1 in Part III (CY
2023)
• Property, Plant, and Equipment/CIP With audit finding - AO No. 5
• Liabilities/Trust Liabilities No audit finding
• Revenues Not audited in CY 2024 – Due to lack
of material time.
• Significant Expenses With audit finding - AO No. 3
• Programs, Projects and Activities With audit finding – AO No. 4
B. Subsequent Events and Going Concern issues No significant event that may affect the
FS.
C. Outstanding Legal Cases None
D. Other Financial Related Issues
• Taxes withheld from employees and suppliers With preliminary information however,
and remittances to the Bureau of Internal audit could not be completed for lack of
Revenue (BIR) in accordance with RA No. 8424 material time.
and its IRR under BIR RR No. 02798
• Premium contributions and loan amortization to With preliminary information however,
the Government Service Insurance System and audit could not be completed for lack of
Home Development Mutual Fund in accordance material time.
with RA No. 8291 and RA No. 9679, respectively
• Required annual inventory and insurance of all With preliminary information however,
insurable assets and interest of the government audit could not be completed for lack of
with the Government Service Insurance System material time.
in accordance with R.A. No. 656, Property
Insurance Law, as amended by Presidential
Decree No. 245 (COA Circular No. 2018-002
dated May 31, 2018);
• Premium contributions and remittance to With preliminary information however,
PhilHealth in accordance with RA No. 7875, as audit could not be completed for lack of
amended material time.
• Audit of Official Development Assistance No ODA received in CY 2024
(ODA) in accordance with RA No. 8182
• LGSF - Support to the Barangay Development With preliminary information however,
Program of the National Task Force to End Local audit could not be completed for lack of
Communist Armed Conflict (NTF-ELCAC) material time.
• 20 Per Cent Development Fund With audit finding – AO No. 4
