Delayed Submission of Contracts to COA
National Housing Authority · 2024
Severity: LowRecommendation: Unknown
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What Happened?
Category: ComplianceIssue: Non-complianceThe agency was late in sending copies of signed contracts to the auditors, which is required by law.
Why It Matters
Recommended Actions
- Enforce the timely submission to COA of all contract documents within five working days from the date of contract execution, in compliance with COA Circular No. 2009-001;
Original Audit Finding Excerpt
"In CY 2024, the following perfected contracts were submitted late to COA, incurring delays in submission ranging from five to 40 working days:"