Lack of appraisal of Corporate and Business Centers
National Housing Authority · 2024
Severity: ModerateRecommendation: Unknown
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: Financial ManagementIssue: DeficiencyThe buildings have not been professionally valued, so they cannot be recorded at their current market value.
Why It Matters
Recommended Actions
- Have the NHA Corporate and Business Centers appraised to facilitate the recognition of the assets at their fair value as the basis for recording
Original Audit Finding Excerpt
"Have the NHA Corporate and Business Centers appraised to facilitate the recognition of the assets at their fair value as the basis for recording."