Non-submission of JVA to the Office of the President for Approval
National Housing Authority · 2024
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What Happened?
Category: ComplianceIssue: Non-complianceThe government agency did not get the required approval from the President for a major joint venture deal, even though the rules say it must.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Examination of the documents revealed that the award of the JVA to the developer was not submitted to OP for approval as required in Section 4 of MO No. 127, Sections 2 and 3 of EO 58, Section 6(a), 6(b) and 10 EO No. 423, and Item X (1) of Annex A of 2008 NEDA JVA Guidelines."