Ref. Audit Observations Audit Recommendations Status of Implementation
possible loss should these government service and require
individuals/entities fail to them to immediately settle their
liquidate/settle. unliquidated cash advances.
34. We furthermore recommended that Unimplemented
the Municipal Accountant exert Management had yet to comply with
extra effort to locate the this recommendation.
documents supporting the
receivables for overpayment to
suppliers and other government
agencies, make representation with
these entities for the furnishing of
documents that could aid in the
verification of the receivables, and
prepare the demand for collection
or the necessary adjusting entries
in the books of accounts, if
warranted.
AAR 15. A loan from the National 35. We recommended that Unimplemented
2022 Electrification Administration (NEA) Management direct the Municipal Management had yet to reconcile the
p.50 amounting to ₱196,828.22, which Accountant to analyze the Loans loan with NEA.
has been outstanding for at least 10 Payable-Domestic account and
years, remained in the books, thereby coordinate with NEA to reconcile
affecting the reliability of the Loans and update records maintained by
Payable account balance as of both parties. Discrepancies noted
December 31, 2022. Moreover, the should be reconciled, and the
Notes to FS did not adequately necessary adjustments effected, to
disclose sufficient and relevant ensure a fair presentation of the
financial information on the details account in the financial statements.
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