Misclassification of Receivables
National Housing Authority · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceSome receivables are labeled as long-term when they are due within a year, and vice versa, because the computer system can't sort them correctly.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"On the misclassification of Receivables, a utility program in the BCS is being developed in coordination with the COSDD to generate accurate listings of receivables due within the next 12 months."