STATUS OF IMPLEMENTATION OF PRIOR YEARS’ AUDIT
RECOMMENDATIONS
Of the 52 prior years’ recommendations 19 were implemented and 33 were unimplemented
as shown in the results of validations presented below:
Status of
Ref. Observation Recommendation Implementation/Results of
Validation
AAR Due to the different schedules 1. The Municipal Implemented
2023, of the Inventory Committee Accountant and the
AO no. members and their respective Inventory Committee The reports were prepared
1, page workloads, the Municipal shall complete the reports by the Municipal
23, Government of Sta. Catalina necessary Accountant and the
was unable to complete the Inventory Committee.
AAR necessary one-time-cleansing
2022, procedures under COA 2. and establish the correct Unimplemented
AO no. Circular No. 2020-006, thus, balances of PPE items
1, page the reported balance of the PPE that should be reported in There are still balances that
24, account at year-end, totaling the financial statements. Management has yet to
₱1,028,847,988.33, which reconcile.
and includes movable properties
amounting to ₱64,013,099.13
This is reiterated in the audit
AAR million, still could not be
of CY 2024 accounts as
2021 ascertained.
Audit Observation (AO) No.
and 3.
2018,
AO no. 3. The Municipal Mayor Unimplemented
1, page shall file a request for
23 authority to derecognize This is reiterated in the audit
non-existing/missing of CY 2024 accounts as
PPEs to the audit team, Audit Observation (AO) No.
and support its request 3.
with the certified lists
required in Section 8.3 of
COA Circular No. 2020-
006, to take full
advantage of the one-time
cleansing privilege
afforded by the
Commission and
establish accuracy of its
PPE balances reported in
the financial statements.
AAR Loans Payable amounting to 4. The Municipal Implemented
2023, ₱7,198,162.60 were classified Accountant shall cause
AO no. as a non-current liability in the the annual determination The financial statements
2, page financial statements even of loan amortization due reflected both the current
25 though a portion thereof was in the next 12 months and non-current portions of
due for payment the following from the Statement of the Loans Payable account.
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