Unreconciled Property Records Due to Absence of Property Tags
National Housing Authority · 2022
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Asset ManagementIssue: Internal Control DeficiencyThe physical items at the BP2 site don't have identification tags, so the accounting records and the property records don't match up. Nobody can be sure which items belong to whom or where they are.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Absence of property tags on the properties resulting in unreconcilable records from the AD and NCR East Sector;"