Reason for
Agency Action Plan (for Partially Implemented and Not lmplemented pias enten PartialDelay/No Action Taken/Action
Recommendations) w Implementation, to be Taken
: if applicable
Audit Observations Audit Recommendations | Action Plan/ Target
Remarks Implementation
This colunmn shall be filled out by the | POTSOM! | Date
tis column shall be filled out by the Dep! t
agency, detailing the appropriate
course of action on the audit Responsible |
observation identified, [From [To |
projects worth of Project Completion | This office will also send a copy of
P2,374,876.20 and the of the completed | Annex 2.1 and Annex 2.2 of AAR
delayed projects so that the | 2023 AO no. 2 to the PEO.
reclassification of proper adjustments
completed may be made to the CIP | As soon as the report from PEO is
infrastructure projects accounts. received, we will conduct verification,
costing analysis and validation of the .
P210,708,137.01 to its | 39. Require the Provincial | accounts. JEV will be prepared for
Proper asset accounts Accountant to: the adjusting entries and applicable
contrary to Section 50 depreciation expense will be
of the NGAS Manual, a, Conduct computed, To submit list of
Volume I, resulting in verification, Quarter completed —_ projects
the overstatement of analysis, and ly with Certificate of
the asset and equity validation of the | To submit list of completed projects to Completion to the
accounts by the amount accounts; the PAccO complete with Certificate PAccO.
of depreciation that b. Prepare the | of Completion.
should have been necessary
provided from the time adjusting entries
the projects were for correction of
completed. inadvertent errors;
c. Close the cost
directly
attributable to the | ~
completed CIP
accounts to the
appropriate
infrastructure asset
account; and
wo d. Compute the
— 4 applicable SSS Sa
depreciation
|
