Annex A
Status of
Ref. Observation Recommendation Implementation/Results
of Validation
Standards (IPSAS) 1, 36. Moreover, Implemented
thereby, understating Management also
the assets of the require the The Municipal
Municipality by said Municipal Accountant secured the
amount. Accountant to secure documents from DBP
documents from the and was in the process of
DBP and draw a verifying and reconciling
journal entry voucher them.
to record the
acquisition of the
heavy equipment to
fairly present the
Property, Plant and
Equipment account
in the financial
statements.
AAR The Municipality 37. Management Unimplemented
2018, granted financial demand from PNP
AO no. assistance amounting RO 7 the liquidation The Municipal
8, page to ₱1,500,000.00 to documents of the Accountant had already
34 the Philippine current and prior demanded liquidation
National Police year’s fund transfers from the PNP RO 7,
Regional Office VII as required in Item however, said office was
(PNP RO 7) in CY No. 3.1.3 of COA unable to provide the
2018 even if the Circular No. 2012-01 necessary supporting
previous financial dated June 14, 2012 documents for
assistance of as amended by COA liquidation.
₱1,200,000.00 in CY Circular No. 2016-02
2017 was not dated May 16, 2016.
liquidated in
violation of Item
3.1.3 of COA
Circular 2012-001
dated June 14, 2012,
thus, casting doubt
whether the funds
were used in
accordance with the
Memorandum of
Agreement (MOA)
