Unrecorded Asset in NHA Corporate and Business Center
National Housing Authority · 2023
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What Happened?
Category: Financial ManagementIssue: Internal ControlThe agency is using a building but has not recorded it as an asset, so its financial statements are incomplete.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Also, the NHA Corporate and Business Center, designated for occupancy or use by NHA officers and the Board of Directors and currently utilized by personnel from the Office of the General Manager, is still not recorded in the books under the PE account due to the absence of relevant documents."