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    Audit Program-PPE

    Uploaded by

    CarmelaEspino
    This document outlines the 2020 audit program for property, plant, and equipment (PPE) for several Philippine Coconut Authority regions. It identifies 3 main risks regarding PPE: 1) procured items may not be included in budget plans, 2) procurement may not follow laws and regulations, and 3) PPE may not be properly accounted for. The audit objectives are to verify that PPE is included in budget plans, procured according to laws, and properly accounted for and recorded. The document lists specific audit procedures to address each objective, including document reviews, asset inspections, and account reconciliations.

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    Audit Program-PPE

    Uploaded by

    CarmelaEspino
    115 views2 pages
    This document outlines the 2020 audit program for property, plant, and equipment (PPE) for several Philippine Coconut Authority regions. It identifies 3 main risks regarding PPE: 1) procured items may not be included in budget plans, 2) procurement may not follow laws and regulations, and 3) PPE may not be properly accounted for. The audit objectives are to verify that PPE is included in budget plans, procured according to laws, and properly accounted for and recorded. The document lists specific audit procedures to address each objective, including document reviews, asset inspections, and account reconciliations.

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    This document outlines the 2020 audit program for property, plant, and equipment (PPE) for several Philippine Coconut Authority regions. It identifies 3 main risks regarding PPE: 1) procured items may not be included in budget plans, 2) procurement may not follow laws and regulations, and 3) PPE may not be properly accounted for. The audit objectives are to verify that PPE is included in budget plans, procured according to laws, and properly accounted for and recorded. The document lists specific audit procedures to address each objective, including document reviews, asset inspections, and account reconciliations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    115 views2 pages

    Audit Program-PPE

    Uploaded by

    CarmelaEspino
    This document outlines the 2020 audit program for property, plant, and equipment (PPE) for several Philippine Coconut Authority regions. It identifies 3 main risks regarding PPE: 1) procured items may not be included in budget plans, 2) procurement may not follow laws and regulations, and 3) PPE may not be properly accounted for. The audit objectives are to verify that PPE is included in budget plans, procured according to laws, and properly accounted for and recorded. The document lists specific audit procedures to address each objective, including document reviews, asset inspections, and account reconciliations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Philippine Coconut Authority Regions I, II, III, and CAR

    2020 Audit Program

    Property, Plant and Equipment (PPE)

    Identified Issues/Risks
    1. Procured PPE may not be included in the agency’s APP.
    2. Procurement activities may not be in accordance with established laws, rules,
    and regulations particularly RA No. 9184 and with the agency’s policies and
    procedures. Delivered items may not conform with the specifications indicated
    in the PO or contracts/MOA.
    3. PPE may not be properly accounted and recorded.

    Audit Objectives Audit Procedures WP By Man- Actual


    Ref days
    1. To ascertain 1.1 Obtain copy of the
    that PPE APP.
    procured is 1.2 Match the procured
    included in the PPE with the items
    agency’s APP. listed in the APP.
    1.3 Note for any
    discrepancies and
    observations for
    further inquiry.
    1.4 Summarize all
    findings and prepare
    AOM, if necessary.
    2. To determine 2.1 Obtain the
    that PPE are disbursement
    procured in voucher in relation
    accordance to the procured
    with RA 9184. PPE.
    2.2 Check all the
    attached documents
    for completion in
    accordance with
    COA Circular No.
    2012-001
    (Documentary
    Requirements).
    2.3 Analyze the
    specifications of the
    needed PPE in the
    purchase order,
    contract or MOA.
    2.4 Compare
    specifications with
    the delivery receipt
    and inspection and
    acceptance report.
    2.5 Note for any
    discrepancies and
    observations for
    further inquiry.
    2.6 Summarize all
    findings and prepare
    AOM, if necessary.
    3. To ensure that 3.1 Obtain schedules of
    PPE are all PPE.
    accounted for 3.2 Witness the conduct
    and recorded of physical count of
    properly in the PPE conducted by
    books of the the agency, or if not
    agency. possible, validate
    the physical
    inventory
    conducted.
    3.3 Check items
    inspected against
    the submitted
    schedules.
    3.4 Determine and
    segregate the
    unserviceable
    properties for proper
    disposal.
    3.5 Obtain RCPPE.
    3.6 Reconcile PPE
    report with SL and
    GL.
    3.7 Compare a per
    books and per audit
    comparison of the
    carrying amount of
    PPEs in relation with
    the accumulated
    depreciation.
    3.8 Note for any
    discrepancies and
    observations for
    further inquiry.
    3.9 Summarize all
    findings and prepare
    AOM, if necessary.

    Prepared By: Reviewed by:

    CARMELA GRACE A. ESPINO MARITES S. DELA ROSA


    State Auditor I State Auditor III
    Audit Team Member OIC-Audit Team Leader

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