STATUS OF IMPLEMENTATION OF PRIOR YEARS’ AUDIT RECOMMENDATIONS
Of the 43 prior years’ recommendations 14 were implemented and 29 were unimplemented as shown in the results of validations
presented below:
Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
2023 AAR, The correctness of the Cash 1. We recommended that Adjusting entries had been Implemented
AO No. 2, in Bank balance per book in the Municipal made on August 5, 2024.
page 32 the amount of Accountant reconcile the
2015 AAR, ₱312,608,534.54 as of records per book with the
AO No. 1, December 31, 2023, could results of the bank
page 28; not be ascertained due to confirmation and prepare
2010 AAR, unreconciled amounts the necessary adjusting
AO No. 5 between the financial entries in the books of
statements and confirmed accounts to present the
bank balances, which is not correct Cash in Bank
in accordance with Section account balance.
74 of Presidential Decree
(PD) No. 1445, resulting in
the possible overstatement of
the Cash in Bank Balance of
₱1,328,436.62.
2023 AAR, Fifty checks totalling 2. We recommended that Stale checks have not been Unimplemented
AO No. 3, ₱213,969.62 which have the Municipal Treasurer cancelled yet and written
page 34 remained outstanding for cancel the stale checks notices are yet to be sent to
over six months to more than and send written notices the respective payees.
seven years from the date of of the cancellation to the
issue have not been respective payees and
cancelled, contrary to conform with the
Section 59 of the NGAS provisions set forth in
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