Management Status of
Ref. Audit Observation Audit Recommendation
Comment/Action Implementation
to address the potential effects of
disasters to human life.
AAR The balances of Cash in Local We recommended that the Municipal Mayor:
2016 Treasury and Cash in Bank per
2010 ledger and per cashbooks showed a 46. Require the Municipal Treasurer to update Management still had not Not
variance of Ᵽ9.74million due to the her cashbooks daily, exercise adequate taken any action. Implemented
failure of the municipal treasurer to supervision over any personnel assigned to
either update postings to her post the transactions, and ensure that all
cashbooks and the existence of cashbooks are properly safeguarded
multiple accounting records for a against loss or misuse;
single bank account, contrary to
existing accounting and auditing Direct the Municipal Treasurer and the
rules and regulations particularly Municipal Accountant to:
Section 111 of P.D. 1445, thereby
preventing the prompt determination 47. account for the differences noted between Management still had not Not
of accountability, which could also the ledger and cashbook balances, and taken any action. Implemented
hinder the discovery of shortages or henceforth conduct a quarterly
errors, if any, while adversely reconciliation or as often as necessary;
affecting the reliability of the
balances presented in the financial 48. effect actual transfer of funds in Management still had not Not
statements. accordance with the balances in the taken any action. Implemented
subsidiary ledgers for the two (2) bank
accounts maintained under all the three (3)
funds, and henceforth ensure that a bank
account is maintained under only one fund;
49. Instruct the Municipal Accountant to trace Management still had not Not
the difference noted in the Cash in Bank taken any action. Implemented
accounts per general ledger and per
schedule;
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