31, 2020 as well as its millions of coronavirus disease disbursements last year.Based on the 2020 audit of the Davao City released on Wednesday, May 5, the Davao City’s Property, Plant, and Equipment accounts amounting to more than P9.48 billion “cannot be ascertained as to its validity, correctness and existence.”
State auditors reminded that the Government Accounting Manual for Local Government Units Volume I provides that “the LGU shall have a periodic physical count of PPE, which should be done annually and reported on the Report on the Physical Count of Property, Plant, Equipment as of December 31 of each year.”
The state auditors said “there had been no actual count conducted nor an RPCI was submitted to validate such recorded balances, neither a reconciliation was made possible between the supply records and accounting records, both resulted from the unprecedented COVID-19 restrictions.” “We are independent of the agency in accordance with the ethical requirements that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements,” the report said.
The COA also took note that the procurement of various items amounting to P325.137 million during COVID-19 pandemic, through Negotiated Procurement under Emergency Cases modality, “were deficient of the required documents, and inconsistent with the laws, rules and regulations, thus affecting the legality and propriety of procedures in the procurement.”
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