Lack of Policies for Semi-Expendable Donated Assets
National Housing Authority · 2023
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What Happened?
Category: Asset ManagementIssue: Internal ControlThe agency did not have clear rules on who is responsible for donated equipment, so the equipment was not properly maintained and monitored, causing it to deteriorate.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The absence of policies and procedures for establishing individual accountability in asset management has resulted in poor maintenance and inadequate monitoring of the semi-expendable donated assets have led to the deterioration of its condition and serviceability, contrary to Sections 101(1), 105(1), 123 and 124 of PD No. 1445 and COA Circular No. 2022-004 dated May 31, 2022."