Non-implementation of Financial Information Management System (FIMS)
National Housing Authority · 2023
Severity: HighRecommendation: Not Implemented
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency planned to buy a financial system for P25 million but did not follow through, which affects the reliability of financial data and the ability to provide proper audit trails.
Why It Matters
Recommended Actions
- Fast track the implementation of an accounting and information system that will facilitate the generation of reliable data, records and reports, as well as provide audit trails.
Original Audit Finding Excerpt
"System, amounting to P25 million, was included in the NHA Annual Procurement Plan for CY 2023 but was not implemented."