Management Status of
Ref. Audit Observation Audit Recommendation
Comment/Action Implementation
Auditing Manual (GAAM), Volume
I, thus casting doubt on the legality
of the said transaction amounting to
P6,000,000.00.
AAR Receivables amounting to 65. We recommended that management notify Management still had not Not
2012 P150,243.28 as of December 31, the concerned individuals or entities to taken any action. Implemented
2010 have remained outstanding in settle their accounts or initiate appropriate
the books for more than two years actions to recover the amounts and to
and have not been reviewed as to request authority from the Commission on
validity or recommended for write- Audit through the Sanguniang Bayan to
off as required under Sec. 64 of write off the amounts determined to be no
GAAM, Volume 1 and COA longer valid.
Circular No. 76-27, thus the reported
asset accounts may no longer be
valid and recoverable.
AAR The absence of subsidiary records 66. We recommended that Management Management still had not Not
2012 for the land account recorded in the instruct the Municipal Treasurer and taken any action. Implemented
books at P3,154,476.21 as of Municipal Accountant-Designate to
December 31, 2010, makes it maintain their respective property records
difficult to determine the proper for each real property and the Municipal
composition thereof. Moreover, Assessor to prioritize the filing of
various parcels of land acquired application for titling of all real properties
from previous years up to the present acquired by the Municipal government so
are not yet covered by transfer that transfer certificates of title in favor of
certificates of title in favor of the the Municipality of Jimalalud can be
Municipality of Jimalalud thus the issued to establish the Municipality’s
Municipality still has no tangible ownership thereto.
evidence of ownership of these
properties.
69
