APMT — Page 35 of 90

                                                  AGENCY ACTION PLAN and STATUS of IMPLEMENTATION                                                                                      RESULTS of COA VALIDATION
                                                           Agency Action Plan (for Partially Implemented
                                                             and Not Implemented Recommendations)                            Reason for                                                       Actual
                                                                                                              Status of    Partial/Delay/       Action           Date     Status of
                                        Audit                 Action Plan/                       Target                                                                                   Implementation
Ref.   Audit Observations                                                          Person/                   Implemen-          Non-        Taken/Action        Follow   Implemen-                                 Remarks
                                  Recommendations              Remarks           Department   Implementati                Implementation,                                                      Date
                                                                                 Responsible                   tation                        to be Taken          Up       tation
                                                                                                on Date                     if applicable
                                                                                              From     To                                                                                 From      To
       and the delayed              Project Completion 2.1 and Annex 2.2 of
       reclassification     of      of the completed AAR 2023 AO no. 2 to
       completed                    projects so that the the PEO.
       infrastructure projects      proper
       costing                      adjustments may
       P210,708,137.01 to its       be made to the CIP
       proper asset accounts        accounts.
       contrary to Section 50
       of the NGAS Manual,       38. Require        the       As soon as the report    PEO   Quart                                          To submit list of                Not
       Volume I, resulting in        Provincial               from PEO is received,           erly                                          completed                    Implemented
       the overstatement of          Accountant to:           we      will   conduct                                                        projects with
       the asset and equity                                   verification, analysis                                                        Certificate of
       accounts by the             a. Conduct                 and validation of the                                                         Completion to
       amount               of        verification,           accounts. JEV will be                                                         the PAccO.
       depreciation       that        analysis,        and    prepared for the
       should have been               validation of the       adjusting entries and
       provided from the time         accounts;               applicable
       the projects were           b. Prepare           the   depreciation expense
       completed.                     necessary               will be computed.
                                      adjusting entries
                                      for correction of
                                      inadvertent errors;     To submit list of
                                   c. Close the cost          completed projects to
                                      directly attributable   the PAccO complete
                                      to the completed        with Certificate of
                                      CIP accounts to         Completion.
                                      the      appropriate
                                      infrastructure
                                      asset account; and
                                   d. Compute           the
                                      applicable
                                      depreciation
                                      expense to arrive
                                      at an accurate and
                                      reliable carrying
                                      balance of the
                                      PPE, pursuant to
                                      Section 50 of the
                                      NGAS         Manual,
                                      Volume I, and