Status of
Ref. Audit Observation Audit Recommendation Management Comment/Action
Implementation
23. We further recommended and Not
Management agreed that the concerned Implemented
COS personnel submit the proper
documentary requirements, like the
properly accomplished DTR,
accomplishment report, and regular
monthly duty hours, for review and
evaluation by the Audit Team.
AAR The existence, completeness, and 24. We recommended that the Municipality Management acknowledged that Not
2022 accuracy of movable Property, Plant create the Inventory Committee to this had been a longstanding Implemented
2021 and Equipment (PPE) accounts with a conduct the required annual physical deficiency of the Municipality. To
2020 carrying amount of ₱64,180,729.16 as inventory pursuant to Section 124, facilitate the issuance of an Office
2016 of December 31, 2022, could not be Volume 1 of the NGAS Manual for LGUs Order reconstituting the Inventory
2007 ascertained due to the absence of year- and to review the guidelines and Committee, the department heads
end physical inventory reports contrary procedures on inventory taking under present agreed to draft the
to Section 124, Volume 1 of the New COA Circular No. 2020-006 dated proposed composition of the
Government Accounting System January 31, 2020, for the one-time committee for the Municipal
(NGAS) Manual for Local cleansing of the PPE accounts to establish Mayor’s approval.
Government Units (LGUs). balances that are verifiable and reliable.
Discrepancies between the physical
Reiterated in Part II of this AAR. inventory, custodial, and accounting
records must be verified, investigated,
and reconciled.
25. We further recommended that the The Municipal Mayor still had not Not
Municipal Mayor should ensure that the issued an Office Order Implemented
conduct of physical inventory is regularly reconstituting the Inventory
undertaken yearly and reports are Committee.
submitted accordingly
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