Non-disposal of unserviceable property
National Housing Authority · 2022
Severity: HighRecommendation: Unknown
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What Happened?
Category: ComplianceIssue: Non-complianceUnserviceable equipment and property were kept on the books instead of being disposed of in accordance with legal requirements.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"As at December 31, 2022, unserviceable PEs costing P5.235 million with a carrying amount of P0.774 million remained in the books of the NHA, contrary to Section 79 of PD No. 1445."