Reason for
Agency Action Plan (for Partially Implemented and Not Implemented Tanteentat Parfial/Delay/No Action Taken/Action
wf | Recommendations) jon___...__...|_Implementatton,... te be Taken eee
if applicable
Ref. Audit Observations Audit Recommendations | Action Plan/ Target
Remarks Person! Paplementation
This colunm shall be filled out by the Dena t al
: agency, detailing the appropriate Ren onsible
course of action on the audit P
' observation identified. irom [To _|
ee ee ee
succeeding years.
2024 Service drop wires |9. The Provincial | The PAccO adjusted the account per | PAccO June Dec Partial Awaiting ITR | Adjusted account to
AAR, | procured by the Accountant prepare the | JEV100(18)-20250600073, viz; 2025 2025 | Implementati | from PEO inventory held for
AO Provincial necessary adjustments on distribution; to verify
No. 5, | Government for to properly classify the | 10402080 11,495,167.80 ITR submitted by PEO
page distribution to various service drop wires as | 10710030 11,495,167.80 .
50 barangays were Inventory Held for
etroneously recorded Distribution and | Received ITR and other supporting
as Construction in require the Property | documents regarding the distribution
Progress (CIP)- Custodian to submit | of the service drop wires from the
Buildings and Other the ITR and other | PEO. Required JEV recognizing the
Structures instead of supporting documents | distribution will be made after its
Construction Materials as the basis for the | verification.
for Distribution, preparation of the
contrary to paragraph necessary adjustments
11 of the IPSAS 12, in the books to
resulting in the recognize the transfer
overstatement of the of expendable property,
CIP accounts by in accordance with
P11,495,167.80 and IPSAS 12, COA
the understatement of Circular No, 2055-009
the Inventory and dated December 1,
Expense accounts by 2015, and COA
an undetermined Circular No. 2022-004
amount, pending dated May 31, 2022.
submission of the 10.
Inventory ‘Transfer
Report (ITR).
