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                                                                                                                STATUS OF
 REFERENCE               OBSERVATION                                  RECOMMENDATION                         IMPLEMENTATION /
                                                                                                           RESULTS OF VALIDATION
             thus adversely affecting the fairness      as follows:
             of the presentation of the PPE
                                                        a. Reorganize the Inventory Committee to
             accounts with a net book value of
                                                        include members who can be relieved of their
             ₱22,612,888.76 as of December 31,
                                                        regular duties to devote full time to
             2023, and may deprive the
                                                        conducting the physical inventory taking until
             government of reliable and useful
                                                        the same is completed.
             information in decision-making and
             accountability for these assets.           b. Strictly follow the guidelines and
                                                        procedures in the conduct of physical count
                                                        of PPE, recognition of PPE items found at the
                                                        station,    and    disposition      for    non-
                                                        existing/missing PPE items and require the
                                                        Accountant and Property Officer to reconcile
                                                        their records based on the results of the actual
                                                        physical inventory and effect necessary
                                                        adjustments;
                                                        c. Prepare and submit the approved PIP to the
                                                        COA Audit Team within the prescribed
                                                        period; and
                                                        d. Undertake collaborative procedures to
                                                        ensure that all PPEs in the RPCPPE are duly
                                                        recorded in their respective records and that
                                                        the Property Cards (PCs) maintained by the
                                                        Property Unit and the PPELCs(PPE Ledger
                                                        Cards) maintained by the Accounting Unit
                                                        are reconciled.
2023 AAR     The accuracy and reliability of the        The Local Chief Executive (LCE) to:                      Unimplemented
AO No. 3,    LRN          account         totaling
                                                     4. Create an Inventory Committee to focus on            The Inventory Committee
Page 30      ₱48,102,792.50 could not be
                                                        the physical count of local roads; and               had    not   yet  been
             ascertained    due     to     various
                                                                                                             reorganized.
             deficiencies noted, contrary to COA     5. Enjoin the Municipal Treasurer, Municipal
                                                        Accountant, and Municipal Engineer to                    Unimplemented
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