Lack of Policy for Accountability and Sanctions on Unissued Assets
National Housing Authority · 2023
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What Happened?
Category: Internal ControlsIssue: Internal Control DeficiencyThere is no clear rule about who is responsible for unissued items, and no penalties for people who do not take care of them, so these items could be mismanaged or lost.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"the NHA lacks an existing policy to establish individual accountability for unissued assets or those still in the possession of the office/department. Furthermore, there are no defined sanctions for individuals found accountable who fail to perform their stewarding responsibilities regarding these government assets"