Page 89 of 111
Status of
Ref Observation Recommendations Implementation/
Results of Validation
page IPSAS No. 1 and Section 111 (2) adjustments to reflect the correct Management
67 of P.D. No. 1445, thus, affecting account balances, and present commented that
the reliability and accuracy of the reliable data on the City's he remaining item for
balances in the financial financial position as of a given reconciliation was a
statements. date. fund transfer receipt
recorded on the year
2012 which was
already closed to the
Government Equity
account through JEV
No. 100-2023-12-
0091P dated
12/31/2023 since its
purpose and origin
cannot be traced.
2023 The City used an unprescribed 30) Management submit proof that Unimplemented
AAR, computerized accounting system, their request to avail of the e- Ongoing
AO the procurement of which goes NGAS has been denied and implementation of the
No.12, against the policy set forth under secure the corresponding recommendation.
page COA Circular No. 2001-003 as authority to avail of other
69 reiterated in COA Circular No. accounting softwares, otherwise,
2003-005. Additionally, the continued availment of a non-e-
presentation of the submitted NGAS accounting software shall
subsidiary ledgers from this be deemed irregular.
accounting system varies from
time to time, raising concerns Should this be accomplished, we
about its accuracy and compliance recommend that before
with accounting standards, which continuing to use the ECPAC
also impacts the scope and extent accounting software any further:
of verification in the audit of the
accounts. 31) Management require ECPAC to Unimplemented
upgrade its system to include Ongoing
features similar to e-NGAS at no implementation of the
additional cost and specify the recommendation
expected outputs in the contract;
and
32) The City Accountant require Unimplemented
ECPAC to correct the Ongoing
deficiencies noted in the initial implementation of the
use of the system and defer any recommendation
further disbursements until the
City is completely satisfied with
the delivery of the expected
outputs. Otherwise, hold
responsible the officials who
effected the procurement of an
unprescribed system.
2023 The City Accountant did not 33) Henceforth, Management closely Unimplemented
AAR, submit the CY 2023 financial monitor invariable compliance The City was unable
AO statements nor the monthly and with the submission of monthly to submit the
No.13, quarterly reports within the and quarterly financial reports Consolidated
reglementary period and did not with complete schedules and Financial Statements
82