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                                                                                                             STATUS OF
                                                                                                         IMPLEMENTATION/
REFERENCE              OBSERVATION                                    RECOMMENDATION
                                                                                                            RESULTS OF
                                                                                                            VALIDATION
                                                             c. Submit the approved PIP to the COA
                                                             Audit Team within the prescribed period;
                                                             d. Conduct the required preliminary
                                                             activities prior to inventory taking;
                                                             e. Record /docu the physical count daily
                                                             in a standard ICF prescribed in Annex A
                                                             of COA Circular No. 2020-006 dated
                                                             January 31, 2020; and
                                                             f. 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 LRN          The Local Chief Executive:
AO No. 2,   account totaling ₱72,050,876.06 could not     2. Create an Inventory Committee to focus      Implemented
page 37     be ascertained due to various deficiencies       on the physical count of local roads; and
            noted, inconsistent with COA Circular No.
                                                          3. Enjoin     the    Municipal   Treasurer,    Unimplemented
            2015-008 dated November 23, 2015,
            thereby, affecting the fair presentation of      Municipal Accountant, and Municipal         The required documents
            the account in the financial statements          Engineer to strictly comply with the        confirming compliance
            (FS).                                            accounting and reporting guidelines on      with the recommendation
                                                             the local roads asset management system     were      still pending
                                                             pursuant to COA Circular No. 2015-008       submission.
            a. Non-conduct of inventory of local             dated October 23, 2015.
               roads and non-preparation of RPCLRN
            b. The costs of each road component of
               the local road projects in the books of
               accounts were not segregated

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