PLM SCOA releases status report; 2 of 3 student orgs remain unsettled
Written by Katherine Castro • Board by Jian Muyano | 1 October 26
The Pamantasan ng Lungsod ng Maynila Student Commission on Audit (PLM SCOA) released its status report at the end of its settlement period covering the July to September 2026 audit findings, with two of three student organizations remaining “Not Settled,” Sept. 12.
The settlement period evaluated all financial audit findings of the organizations that received an Adverse Opinion during the academic year 2025-2026. The Medical Union for Service (MUS) was marked as “Settled,” while the PLM Psychological Society (PsySoc) and PLM Iskolars Dance Incorporated (PIDI) remained “Not Settled.”
An audit finding marked “Settled” indicates that the organization addressed the findings raised in the previous audit. Meanwhile, “Not Settled” indicates that SCOA found the submitted corrective actions or supporting documents insufficient to close the findings.
PLM MUS was previously flagged for discrepancies between its recorded asset inventory and actual supplies on hand, including commingled supplies and incomplete documentation. According to the verification report, the organization later corrected these issues by segregating and labeling its supplies, submitting acknowledgement letters, and preparing property cards to monitor assets. A follow-up on-site audit confirmed the measures, leading to the case being officially marked “Settled.”
Meanwhile, PIDI remained “Not Settled” due to inconsistencies in its financial records. SCOA cited fluctuating revenue and expense figures, unexplained adjustments to accounts such as ‘The Wage,’ and missing or duplicated GCash transaction references. Receipts for ‘Studio Fees’ and ‘Merchandise Sales’ were also incomplete, making balances hard to verify, while merchandise records lacked proof of markup and inventory tracking.
The PLM PsySoc also remains “Not Settled,” with discrepancies in merchandise inventory and documentation. The report noted mismatched pre-order forms, undocumented changes in issuances, and shortages and surpluses in inventory. Supplier certifications were not confirmed during verification, and accounts such as ‘Inventory,’ ‘Due from Officer,’ and ‘Advances to Supplier’ lacked proper documentation.
Despite resubmission of reclassified financial reports with explanation letters, PLM PsySoc's unresolved variances and missing records kept the findings open, while PIDI has yet to provide sufficient documentation to verify its financial statements.
SCOA clarified that the settlement process is not a re-audit period, but a review of corrective actions, with status determined by the adequacy of submitted records. It is applied only to student bodies that received an Adverse Opinion in the last academic year.
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