Trust Fund Subsidiary Records Not Prepared
National Housing Authority · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has not created proper subsidiary records for its trust funds, making it difficult to track and verify these funds.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"b. Prepare SRDs for all trust funds particularly those without separate bank accounts and subsidiary records as at December 31, 2023."