‘Red Flags’ in auditing LGUs

How to spot red flags or what she called “potential indicators of deficiencies” in local government units.

  1. If the LGU has no annual investment programs for the implementation of its projects
  2. If there are lump sum appropriations in the local budget. “Kailangan detailed ang budgets,” Antasuda said.
  3. If there are payments of transactions outside the “regular mode of disbursement.” For example, Antasuda said payments are almost always to be made through checks, except for payrolls and petty cash transactions. “Magtaka ka if the transaction of five million pesos is paid for in cash,” she said.
  4. If there are handwritten invoice receipts

http://pcij.org/blog/2014/05/12/red-flags-in-auditing-lgus

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