INTERNAL AUDIT DIVISION Region: SouthernLuzon

B. Benedicto st., North Reclamation Area, Cebu City BRANCH : ML Anabu

Tel. No. (32) 2325687 / 91

Audit Date Form No

AUDITOR'S EXCEPTION FINDINGS 05/25/2023 IAD-F009
Employee's Name : Raul Abecia Audit Findings No : 2023-59-205-0021
Position : Branch Manager

Nature of Findings : Classification of Findings:

 Major  Non-Compliance

Condition:
 IADWeb Entry - Pending to received from IAD Web as follows; CRF Langkaan (500,000) ; CRF GMA2 (1,500,000); CRF
Imus2 (500,000) and CRF Brookside (500,000) amounting to PHP3000000.00 dated 05/26/2023

Criteria:
 Memorandum Circular No. 115/2016 dated June 27, 2016 : Additional Instructions in recording of Fund Transfer Transactions
 Sub-section 2.11 : Failure to follow specific Standard Operating Procedure (SOP) whether written or unwritten.

Effect:
 Concerned problem can arise if not properly monitored and update the branch regularly
 Inaccurate financial statement

Root Cause:
 Failure to follow company's Standard Operating Procedure (SOP)
 Neglect of duties and responsibilities

Recommendation:
 For appropriate disciplinary action based on the ACCED
 Diligently monitor FTR recording from Luzon - IAD Web

To be filled in by the audit client.

Explanation:

Action Plan:

Reported by: Received by:

John Garnet Reyes Raul Abecia

Auditor (Signature over printed name/date)
(Signature over printed name/date)

BRANCH MANAGEMENT CONFIRMATION: Branch Manager confirms and attests to

the facts and findings presented in this audit. Results of this Audit shall be reviewed
from time to time to determine fitness of audit with market changes as well as risk.This RM/AM/BM
audit does not guarantee absolute absence of fraud. (Signature over printed name/date)

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