APMT — Page 7 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
strengthen internal
controls over the
Provincial
Government’s
biological assets.
These policies
include provisions
for ensuring the
timely flow of
relevant
accounting
information
concerning
biological assets
from the operating
units to the PaccO,
thereby enhancing
accuracy and
accountability for
succeeding years.
2024 Service drop wires 9. The Provincial The PAccO adjusted PAccO June Dec Partially Awaiting ITR Adjusted 7/16/25 Partially 6/30/25 6/30/25 An adjusting entry dated June
AAR, procured by the Accountant the account per Implemented from PEO account to Implemented 30, 2025 was made to properly
AO No. Provincial prepare the JEV100(18) inventory held classify the service drop wires as
5, page Government for necessary 20250600073, viz; for distribution; Inventory Held for Distribution.
50 distribution to various adjustments to to verify ITR
barangays were properly classify 10402080 (Dr) submitted by
erroneously recorded the service drop 11,495,167.80 PEO
as Construction in wires as Inventory 10710030 (Cr) The Provincial Accountant’s
Progress (CIP)- Held for 11,495,167.80 Office received the second
Buildings and Other Distribution and partial liquidation report of the
Structures instead of require the Received ITR and related ITR from the PEO on
Construction Materials Property other supporting September 30, 2025, and
for Distribution, Custodian to documents regarding verification of the documents is
contrary to paragraph submit the ITR and the distribution of the currently ongoing.
11 of the IPSAS 12, other supporting service drop wires from
resulting in the documents as the the PEO. Required
overstatement of the basis for the JEV recognizing the
CIP accounts by preparation of the distribution will be
₱11,495,167.80 and necessary made after its
the understatement of adjustments in the verification.
the Inventory and books to recognize