Reason for
Agency Action Plan (for Partially Implemented and Not Implemented Tuplomentst Fa elay/No Action Taken/Action .
Recommendations) jon Implementation, to be Taken |
if applicable
Audit Observations | Audit Recommendations | Action Plan/ Target .
Implementation
Remarks Person/ D:
This cokunn shall be filled out by the | Henartment ate
agency, detailing the appropriate
course of action on the audit Responsible |
observation identified. [From [To |
expense to atrive
at an accurate and '
reliable carrying
balance of the
PPE, pursuant to
Section 50 of the
NGAS = Manual,
Volume 1, and
paragraph 71 of i
IPSAS No. 17.
2023 Fund transfers | 40. Management complies | The Provincial Accountant’s Office | PGO,PAccO | Jan Initial Work Overload To be reconciled i
AAR, | recorded as Due to with the guidelines by | will review and reconcile the various 2025 Implementati ;
AO NGAs totaling implementing the | accounts under Due to NGAs and on i
No. 4, | P10,547,022.90 following courses of'| remit to the corresponding offices |
page remained dormant for action: amounts that are due to them.
45 ten years or more, Adjusting entries, if needed, will alsa
Moreover, the a. Immediately be made after further verification to
inclusion of cash implement __ the | correct the affected accounts.
prizes, incentives, and projects and
awards reccived, as disburse the funds | Prizes, incentives and the like are now
well as trust receipts intended for the | treated as Other Income or Trust in the
from GOCCs and benefit of the | General Fund for those with specific
sources other than constituents, if | purpose.
NGAs, in this account still viable, and
is not consistent with direct the
paragraph 27 of IPSAS Provincial
1 and COA Circular Accountant — to
No, 2015-009 dated immediately
a December 1, 2015, liquidate the funds
ey thus misstating the | Teceived if the ~— ene
projects have
