[Forum] Should Accountants pay overpriced goods?

[ad_1] Sender: Good evening, kung overpriced po ang nadeliver na goods pero hindi pa nabayaran, ano po ang remedy at legal basis. Salamat. Stay safe. Related forums: https://gabotaf.com/?s=Overprice View Answers/Leave a comment [ad_2]

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9 thoughts on “[Forum] Should Accountants pay overpriced goods?”

  1. Marie AC

    Its really hard to say the item is overpriced esp if the procurement is thru public bidding. Even if you know suppliers who offer lower priced items, you are not sure if they joined the bidding or not. Check also the specs which make the difference.

  2. Baby Balocating

    If overpricing is documented and proven, prepare your memo to the head of the agency seeking approval not to disburse and citing solid evidence of overpricing. After all, when a law suit is filed against the agency, it is the head who will bear responsibility. In this instance, our role as accountants is advisory, in case of a lawsuit, accountants become witnesses.

  3. Marlon Escudo Esperon

    For LGUs, accountants do not sign the PO and treasurers sign the CAF.

  4. Yu Bhongski

    overpricing is complicated.you cannot compare apples to oranges.it goes true with brands and specs, the date and place a recanvass was made.in case of overpricing,it is the responsibility of the BAC to determine the reasonableness of price under RA 9184.better yet, have your concern be written to management for them to be aware of your concern parq hindi ka maisama sa primary accountable officers pag nagkaroon ng kaso ng overpricing

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