Reason for
Agency Action Plan (for Partially Implemented and Net Implemented se lementat ParlialDelayiNo Action Taken/Action
et | ete ef ant et Recommendations) | ae ee AON. |. Implementation, — tobe be Taken wees
if applicable
Ref, Audit Observations Audit Recommendations | Action Plan/ ‘Target
Remarks Implementation
This column shall be filed out by he | Berson! | Date
agency, detailing the appropriate Rey onsible a7
: course of action on the audit Bi
i observation identified. From [Te |
(¢) dormant accounts on the prevailing fair
exceeding ten years market value and cost | In addition, we are also awaiting the
totaling to sell for each item as | amendments of the Provincial Tax
P6,717,359.87, and (d) of the reporting date, Revenue Code, which will provide the | PAccO
the — non-recognition basis for determining the prevailing
and measurement of fair market value and estimated cost to August | Dece | Partial Lack to data | To review and
stocks in accordance |7. The Provincial | sell for each type of breeding stock, as 2025 | mber | Implementati | submitted to our | reconcile the report
with IPSAS 27, Accountant (a) prepare | required for proper evaluation. 2025 | on office, submitted by the
thereby causing the necessary adjusting Provincial Veterinary
misstatements in the entries to record any | The adjusting entrics and Breeding Office.
breeding stocks and changes in the fair | Stocks Ledger Card data relies on the Create adjusting
related accounts for an market value less cost | updated reports from the Offices of entries to update the
undetermined amount. to sell of the breeding | the Provincial Veterinary and Breeding Stocks
stock, including births | Agriculture. account after
of offspring = or confirmation and
dispositions, based on | A summary of the existing/current reconciliation with
the required | Breeding Stocks was submitted to the PGSO and PVO,
information to comply | PAccO in the 1° quarter of CY 2025
with the measurement | which is subject to further
criteria of IPSAS 27; | reconciliation and confirmation with
and (b) maintain the | Accounting records.
Work, Other Animals,
and Breeding Stacks | Coordinated with the personnel in
Ledger Card that | charge of the Provincial Veterinary
contains all relevant | for the reconciliation of the reports.
details, including
information on the
acquisition, births of
offspring, and
dispositions of
breeding stocks.
