Management Status of
Ref. Audit Observation Audit Recommendation
Comment/Action Implementation
November 23, 2015, thereby 7. We further recommended that The Municipal Mayor had Implemented
affecting the fair presentation Management create an Inventory already issued an Office
of the account in the financial Committee to conduct an actual physical Order creating the
statements. count of the local road network system Inventory Committee.
and report the results in the RPCLRN,
Reiterated in Part II of this which will be submitted to the Auditor
Report and Accounting unit not later than
January 31 of each year. The RPCLRN
shall be reconciled with the accounting
records, and the necessary adjusting
entries shall be prepared before the
statement date.
AAR The submission of the required 8. We recommended that the Municipal Management had already Implemented
2023 monthly and quarterly reports, Accountant expedite the preparation and submitted the CY 2024
2022 including the year-end submission of the PPSAS-compliant CY financial statements.
2014 financial statements (FS) for 2023 Financial Reports, including their
CY 2023, was not regularly accompanying schedules, to the Audit
observed by the official-in- Team as soon as possible.
charge as provided under
Section 41(2) of P.D. No. 9. We further recommended that The Municipal Accountant Not Implemented
1445, Section 70 of the NGAS Management closely monitor invariable still had not complied with
Manual Volume I, and Section compliance with the submission of the submission of the
4.1 of COA Circular No. 2010- monthly and quarterly financial reports monthly and quarterly
01 dated March 2, 2010, hence together with the complete schedules in financial reports, including
defeating the intended purpose accordance with the requirements of the complete supporting
of these reports. pertinent laws and regulations. schedules.
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