AUDIT

COMMITTEE REPORT
FOR THE MONTH OF APRIL 2022

AUDIT AREA PERSONS INVOLVE ACTIVITIES FINDINGS RECOMMENDATION

1. Credit and Savings Checked and verified the following documents
dated April 21, 2022 to April 30, 2022:
Division

● Total checks in the Daily Cash Report against

Emilia Albarico the Total amount of checks in the Teller’s ● Reconciled total checks in the Daily
Summary Report Cash Deposit with the Teller’s
Summary Report

Emilia Albarico ● Savings Deposit Slips against Teller Summary ● Saving Deposit Slips matched with
Report the Teller Summary Report

● Daily Cash Receipts (Total Collection and
Total Cash on Hand against the CRB)
Emilia Albarico
● Subsidiary Ledger Schedule of Accounts
(Cash on Hand) against Cash Receipt Book
Emilia Albarico
● Same amount were reflected in the
CRB
All records were accurate ; the
total amount in the Subsidiary
Ledger agree with the balance
shown in the Cash Receipt Book
● All receipts were properly recorded
but there was one (1) original copy,
 duplicate & triplicate copy of OR #
587463 dated April 28, 2022 was
Official Receipts against Teller Summary lacking
Report

Emilia Albarico ● The Supply Inventory Clerk should

check back or monitor before
issuing the accountable forms to
ensure the correct reporting in all
business transaction
 1

AUDIT

COMMITTEE REPORT
FOR THE MONTH OF APRIL 2022

● Check / Cash Deposit Slips against General

1. Credit and Savings Emilia Albarico ● Some Cash Deposit Slips were
Journal Vouchers in the Banks Deposit
Report incompletely filled out
Division Alder Kin Albarico

Marvin Celedona

Critchlyn Gallo Checked and Verified the Financial Statement of

the :
● Financial Statements were
- Lending Main correctly recorded and supported
- Lending Extension
- E Mart
Conducted Cash counts on :
● Daily Cash Collection: (Lending Main)
Amount Cash Counted - 1,879,396.09
Amount per receipt - 1,879,396.09

● Daily Cash Collection: (Lending Ext)

Emilia Albarico Amount Cash Counted - 163,460.00
Amount per receipt - 163,460.00

● Daily Cash Collection: (e Mart)

Amount Cash Counted - 49,617.00
 Amount per receipt - 49,617.00 No overage nor shortage

● Petty Cash Fund

Amount cash counted - 2,214.00
Amount per receipt - 2,214.00

● Same amount reflected in both the

amount Cash counted and the
amount per books

AUDIT COMMITTEE REPORT

FOR THE MONTH OF APRIL 2022

AUDIT AREA PERSONS INVOLVE ACTIVITIES FINDINGS RECOMMENDATION

 ● Loan Fund
1. Credit and Savings Emilia Albarico
Amount cash counted - 34,960.00
Division Amount per fund - 34,960.00

● Revolving Fund
Amount cash counted - 1,507,139.40
Amount per receipt - 1,507,139.40
● Same amount were reflected in
● Savings Withdrawal Fund the amount per receipt and the
Amount cash counted - 310,389.00 amount cash counted
Amount per fund - 310,389.00

Checked and Verified the Financial Statement of the : ● Same amount both in the cash
count & the amount per receipt

- Credit and Savings Division

● Financial Statements were

correctly recorded

Critchlyn Gallo
● The personnel’s names were
already written by the guard on
Random checked of employees Log Book at Main
duty
Building
● It was found out that the guard
has prepared employee’s name
written in the logbook and when
they arrived, the guard easily ● the employee should be the one to
Noe Ricare (Guard main) wrote the time as reflected in log in / out in the logbook for
the biometric transparency
 3

AUDIT COMMITTEE REPORT

FOR THE MONTH OF APRIL 2022

AUDIT AREA PERSONS INVOLVE ACTIVITIES FINDINGS RECOMMENDATION

● The guard wrote the names

Guard ( E mart) ● Random checked of employees Log Book at E & time of the employees
mart building ● Need to market or advertise
● More income earned

● Check the DOSRI accounts as of December 2021 ● Officers with delinquent relatives
Credit and Savings Rolly Villanueva
● Officer’s & staff were all should remind / follow up to
Division active / updated in their update their accounts
accounts but there were 23
officer’s & staff wherein their
● Checked the Insurance income relatives were delinquent
2. Other Services Rechie Alico

● There were cancelled Official

Receipts. ● Make adjustment to erroneous
posting done
 Summary Reports dated April 1, 2, 4 ,5, 6, 7, 8, 11, 12,
13, 18, 19, 20, 2022
3. Lending Extension Romyrgen Gargar

PREPARED BY:

PORTIA P. BALSA JUDY G. TUPAZ JANE MARIE C. MASCADA

Chairperson Vice-Chairperson Secretary

4