7.8 As a result of this deficiency, the overstatement of the PPE accounts is a
potential concern, as these assets have already been sold, and no future
economic benefits are expected from them. Consequently, these should have
been derecognized from the PPE account, leading to an inaccurate
representation of the accounts by an undetermined amount.
Disposed unserviceable properties could not be traced to the ledger card.
7.9 Furthermore, the Audit Team also observed that various disposed unserviceable
properties could not be traced to the ledger card because the Inventory and
Inspection Report of Unserviceable Property (IIRUP) lacked essential
information such as the serial numbers and property numbers. Additionally, the
incomplete database prevented the traceability of items with serial numbers to
the ledger. Some of these assets are the following:
Items Qty. Office Date of Withdrawal
Air conditioner 58 PHO-NOPH May 15, 2024
Air conditioner 17 PGSO January 22, 2024
Chainsaw 5 PGSO January 22, 2024
Computer, CPU 42 PGSO January 22, 2024
Copier Machine 17 PGSO January 22, 2024
Hospital Beds 106 BDH January 22, 2024
Crib 2 BDH January 22, 2024
Examining and Bedside Table 6 BDH January 22, 2024
Metal Cabinet 1 BDH January 22, 2024
Generator 4 PGSO May 15, 2024
Computer Monitor 48 PGSO May 15, 2024
Printer 22 PGSO May 15, 2024
Typewriter 7 PGSO May 15, 2024
Motorcycle 10 PGSO January 22, 2024
Isuzu Elf Diesel Engine 1 PGSO June 18, 2024
Garbage Compactor 1 PGSO June 18, 2024
Toyota Hi-Ace 1 PGSO June 18, 2024
Dump Truck 2 PGSO June 18, 2024
Nissan CVRP 1 PGSO June 18, 2024
Truck with Man Lift 1 PGSO June 18, 2024
Double Cab 1 PGSO June 18, 2024
Multi Cab 6 PGSO June 18, 2024
Tamaraw FX 1 PGSO June 18, 2024
Mitsubishi Van 1 PGSO June 18, 2024
Pajero 1 PGSO June 18, 2024
Man Lift Implement 2 PGSO June 18, 2024
Tourist Cart 1 PGSO June 18, 2024
7.10 The PAccO is still in the process of reconstructing its records based on the
available subsidiary ledgers, which does not readily provide a complete list of
items recorded in the account at one glance.
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