Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
presented in the financial
statements.
2022 AAR, The accuracy and reliability 11. We recommended and Finalization of the reports Unimplemented
AO No. 2, of the Road Networks Management agreed to was still ongoing.
page 32 account totaling enjoin the concerned
2021 AAR, ₱19,221,651.59 could not be department heads to
AO No. 6, ascertained due to: (a) failure strictly comply with the
page 55 to conduct an inventory of accounting and reporting
local roads and non- guidelines on the local
preparation of the Report on roads asset management
the Physical Count of Local system and earnestly
Road Network (RPCLRN); perform their respective
(b) non-maintenance of the duties and
Local Road Network Ledger responsibilities as set
Card (LRNLC) and Local forth under COA Circular
Road Network Property Card No. 2015-008 dated
(LRNPC); (c) non-provision October 23, 2015.
of depreciation for Local
Road Network account and 12. We further recommended The inventory of local road Unimplemented
(d) non-disclosure of the and the Inventory network projects completed
total road networks in the Committee agreed to in CYs 2023 and 2024 had
Notes to the Financial conduct an annual been finalized. However,
Statements, contrary to COA physical count of all projects completed in prior
Circular No. 2015-008 dated LRN and report the years were still ongoing, and
November 23, 2015, thereby results thereof in the no reports had been
affecting the fair presentation RPCLRN to be submitted as of December
of the account in the submitted to the Auditor 31, 2024.
financial statements. and Accounting unit not
later than January 31 of
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