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 Ref.                                                                                                                                 Status of
                  Audit Observations                                     Audit Recommendations
                                                                                                                                   Implementation

          accounting of the receipt and 92. Require the GSO to consolidate on the SSMI all RIS and submit the                 Implemented
          utilization established through the use   same to the Accountant weekly; and
          of Requisitions and Issue Slips (RIS) 93. Require the Accountant to record to the expense accounts the supplies     Unimplemented:        The
          and Summary of Supplies and               consumed on the basis of the SSMI and to maintain perpetual inventory     Provincial Accountant had
          Materials Issued (SSMI), which could      records to be reconciled periodically with the records of GSO, in order   recorded the expense
          result in the misstatement of inventory   to fairly present the expense and inventory accounts in the financial     accounts of the supplies
          and expense accounts at the end of the    statements.                                                               consumed based on the
          year.                                                                                                               SSMI.     However,     the
                                                                                                                              perpetual       inventory
                                                                                                                              records,       comprising
                                                                                                                              Supplies Ledger Cards
                                                                                                                              (SLCs),     were      not
                                                                                                                              maintained.

 2019     Collections from sponsorship and 94. Management requires the Finance Committee of the Buglasan Festival             Unimplemented:          The
 AAR,     rental fees during the Buglasan       to account for all collections received and disbursements made during         account required further
AO No.    Festival amounting to P969,500.00     the Buglasan Festival as required under Sections 63 and 68(1) of P.D.         verification because, based
6, page   were not acknowledged by official     No. 1445.                                                                     on the breakdown of
   45     receipts and therefore were not taken                                                                               sponsorship and expenses
          up in the books of accounts, in                                                                                     for the Buglasan Festival
          violation of Sections 63 and 68(1) of                                                                               Celebrations for FYs 2016-
          Presidential Decree (P.D.) No. 1445,                                                                                2019, as attached to the
          thus, understating the income of the                                                                                letter submitted by the
          Province and the risk of possible                                                                                   governor        to       the
          misuse because the funds were not                                                                                   Sangguniang Panlalawigan
          subjected to the usual government                                                                                   on October 7, 2021, the
          accounting and auditing rules and                                                                                   remaining balance for CY
          regulations.                                                                                                        2019 was ₱87,103.97.
                                                                                                                              However, this amount did


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