Payment of GPAI premiums without prior authority
National Housing Authority · 2023
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What Happened?
Category: Financial ManagementIssue: Irregular expenditureThe agency paid for employee accident insurance without getting the required approvals from the national budget and executive offices. This is an irregular expense because it did not follow the rules.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"The NHA Management paid to Government Service Insurance System (GSIS) the Group Personal Accident Insurance (GPAI) premiums for 1,875 officers and employees amounting P321,200 for CY 2023, without prior authority from the DBM and the Office of the President (OP), contrary to Item 3.0 of COA Circular No. 2012-003 dated October 29, 2012 and Section VI.B.4 of the Compensation and Position Classification System (CPCS) for the GOCCs Covered by RA No. 10149 of the EO No. 150 s. 2021."