Philippine Carabao Center

USM Kabacan, North Cotabato

AGENCY ACTION PLAN and STATUS of IMPLEMENTATION

Audit Observations and Recommendations
For the Calendar Year 2018
As of March 2019

Agency Action Plan

Reason for
Target Status of Action
Partial/Delay/Non-
Ref. Audit Observation Audit Recommendation Implementation Implementatio Taken/Action to
Person/Dept. Implementation, if
Action Plan n be Taken
Responsible Date applicable
From To
CY The reliability of We recommend that the Center - The Acting  Benjamin John C.  Every   Fully  
2017
Advances to Officers and Director require the Acting Accountant through Basilio & Eduardo U. transaction Implemented
ML
Page Employees account Accountant to properly classify the Bookeeper Corpuz, Jr./PCC-USM occurs.
3 balance of zero as of transactions relating to cash already classify
year-end could not be advances to its appropriate transactions relating
ascertained due to accounts in order to present to Cash Advances
misclassification as accurate and reliable balances and check balances
outright expense in the financial statements. and due dates of its
contrary to Section 111 cash advances
of Presidential Decree granted.
No. 1445 and Section 29,
Volume 1 of the
Government Accounting
Manual (GAM)

CY The Center substantially
2017
complied with the
ML
Page provisions of Revenue
5 Memorandum Order No.
8-2003 and Revenue
Memorandum Circular
We recommended that the - Already withheld  Benjamin John C.  Every   Fully  
Center Director require the taxes on goods and Basilio, Eduardo U. transaction Implemented
Acting Accountant/Bookkeeper services in every Corpuz, Jr. & Armea J. occurs.
to withhold taxed on goods and transactions made. Tayongtong
services in accordance with
Bureau of Internal Revenue
 No. 23-2012 dated Memorandum Circular No.
March 3, 2003 and 23-2012 and to remit the same.
February 14, 2012 of the
Bureau of Internal
Revenue (BIR) on the
withholding of taxes
from salaries of officials
and employees as well as
from payments to
suppliers and dealers,
and the remittance therof
within ten (10) days of
the ensuing month.
However, analysis of
Due to BIR account
revealed under
remittance of P1,386.54
for the non-withholding
on the payment of
Telephone Expenses.

Agency sign-off:

  BENJAMIN JOHN C. BASILIO Date: March 31, 2019

Name and Position of Agency Officer

Note: Status of Implementation may either be (a) Fully Implemented, (b) Ongoing, (c) Not Implemented, (d) Partially Implemented, or (e) Delayed