29 Jan 2020
COAble: List of Common COA Audit Findings, Observations, Suspensions, Disallowances — Cash Advances
Listed hereunder are the common audit findings, observations, suspensions, disallowances issued/imposed by the Commission on Audit (COA) on cash advances. 1. Advances for Payroll were not liquidated at the end of the year, contrary to COA Circular No. 97-002 dated February 10, 1997. What you can do: Instruct the disbursing officer to return the unused cash and/or to submit all documents to fully liquidate his/her cash advances at the end of the year to comply with COA Circular No. 97-002 dated February 10, 1997. [Source: Commission on Audit] 2. The granting of cash advances to officers and employees was not...
