Reclassification of Property and Equipment to Merchandise Inventory
National Housing Authority · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceProperty meant for sale was moved from fixed assets to inventory.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"PE reclassified to Merchandise inventory - property and equipment for distribution amounted to P1.682 billion."