Misclassification and Incomplete Recording of BCDA Properties
National Housing Authority · 2023
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Asset ManagementIssue: MisclassificationProperties transferred from BCDA were incorrectly recorded and categorized in the financial statements.
Why It Matters
Recommended Actions
- A. Require all concerned SO/RO/DOs to submit to AD the DOTA of any property conveyed to NHA for ide complete recording of all property and asset transactions in the books;
Original Audit Finding Excerpt
"Agency Action Plan Reason for = Partial/Delay/ Ref. Audit Observations Audit Recommendations . Target Implementation Status of Non- Action Taken/Action to be Action Plan Person/Dept. Date Implementation Implementation, Taken Responsible From To if applicable Observation | (SUCA) of P1,500 per regular | the GAA of FY 2022 on the No. 24, personne! amounting to | grant of SUCA, Item 6 of page 216 | P2.744 million for CY 2022 is | Section 4 of PD No. 1445, and contrary to the provision of | COA Circular No. 2012-01; Section 51 of the GAA of Fiscal Year (FY) 2022, Item 6 of b. Submit supporting Implemented Section 4 of PD No. 1445 and | documents to verify that the Section 10.0 of COA Circular | athletic uniforms amounting to No. 2012-01 dated June 14, | P1,500 per set, totaling P63,000 2012. for the 42 permanent employees of Region XiIll Caraga Office, were used in the athletic activities of the RO, including the list of names of employee participant for each athletic activity; [on Submi"