Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
ML 2016
2021 AAR The consolidated balances of 18. We recommended that Unreconciled balances Unimplemented
AO No. 1, reciprocal accounts, Due the Municipal remain.
page 28 from Other Funds and Due to Accountant reconcile the
Other Funds for CY 2021 balances of the reciprocal
showed an unreconciled accounts under the three
difference of ₱43,516,583.14 funds and book the
indicating some neglect by necessary adjustments to
the Accounting Office in bring their balances into
monitoring and reconciling an agreement.
the accounts, thus rendering
both accounts unreliable. Xxx
2021 AAR The accuracy and reliability 19. We recommended that No adjustment had been Unimplemented
AO No. 2, of the reported Property, the Municipal made.
page 29 Plant and Equipment (PPE) Accountant adjust the
accounts could not be relied balances related to the
upon due to the incorrect PPE account as a change
basis of recording of in accounting policy and,
depreciation charges contrary subsequently, to record
to Philippine Application depreciation based on a
Guidance (PAG) 6 of five percent residual
Philippine Public Sector value in compliance with
Accounting Standard PAG 6 of PPSAS No. 17
(PPSAS) 17 – Property, Plant – Property, Plant and
and Equipment, resulting in Equipment.
the overstatement of the PPE
accounts by ₱7,778,996.81. 20. We also recommended Subsidiary ledgers could not Unimplemented
Furthermore, subsidiary that subsidiary ledgers be be updated yet since
ledgers were not maintained maintained for all PPE adjustment of depreciation
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