Lack of Finalized Receivables Manual
National Housing Authority · 2024
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: Internal ControlIssue: DeficiencyThe agency still doesn't have a written rulebook for handling receivables, even though auditors told them to make one years ago.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The commitment of Management to craft a comprehensive Receivables Manual is acknowledged, however, it must be emphasized that this recommendation has already been raised as early as the 2021 Annual Audit Report, yet the manual remains unfinalized and unimplemented to date."