Late submission of contracts and inspection reports
National Housing Authority · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency failed to submit important documents like contracts and inspection reports on time. This delayed the audit process. The agency was told to follow the rules for submitting these documents, but it hasn't done so yet.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Perfected contracts and Purchase Orders (POs) amounting to P396.695 million, and Inspection and Acceptance Report (IAR) amounting to P8.270 million of property and supplies deliveries for various procurements and its supporting documents were not submitted within the reglementary period, contrary to the provisions of COA Circular No. 2009-001 dated February 12, 2009 and Section 6.7 of COA Circular No. 89-299A, resulting in the delay in the conduct of audit and timely communication of the deficiencies noted in the review, if any."