Accumulation of 359 pre-signed unissued ORs
National Housing Authority · 2023
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What Happened?
Category: Financial ManagementIssue: Internal control deficiencyThe cashier signed blank official receipts in advance. This is dangerous because anyone with access to these receipts could fill them in for fake transactions, and the agency would not be able to detect it easily.
Why It Matters
Recommended Actions
- Cease the practice of allowing COSP-BCS Operators to undertake collection responsibilities;
Original Audit Finding Excerpt
"Results of inspection of accountable forms disclosed that a total of 359 unissued ORs of Towerville Resettlement Projects with the following serial numbers were already pre-signed by the Acting Cashier A:"