Status of
Ref. Audit Observation Audit Recommendations
Implementation
the Local Road Network Ledger Networks and the results thereof
Card (LRNLC) by the Municipal reported in the RPCLRN to be
Accountant and Local Road submitted to the Auditor and
Inventory and Road Map and Local Accounting Unit not later than
Road Network Property Card January 31 of each year. The
(LRNPC) by the Property Officer; RPCLRN shall be reconciled with
and (d) non-disclosure of the total the accounting records, and the
road networks in the Notes to the necessary adjusting entries be
Financial Statements (FS), contrary prepared before the statement date.
to COA Circular No. 2015-008
dated November 23, 2015, thereby,
affecting the fair presentation of the
account in the financial statements.
a) Non-conduct of an inventory of
local roads and non-preparation
of the RLRN and RPCLRN
b) Non-segregation of the cost of
each road component of the
local road projects in the books
of accounts
c) Non-maintenance of the
LRNLC by the Municipal
Accountant and Local Road
Inventory and Road Map and
LRNPC by the Property Officer
d) Non-disclosure of the total road
network system in the Notes to
the FS
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