Pending Enhancement of BCS Utility Program
National Housing Authority · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Information TechnologyIssue: DeficiencyThe computer system that sorts receivables hasn't been updated, so it can't tell which ones are due soon, causing delays in accurate reporting.
Why It Matters
Recommended Actions
- Require the COSDD to fast track the enhancement of BCS-generated aging reports and other reports to ensure reliable reporting of financial information and to attain fair presentation in the FS.
Original Audit Finding Excerpt
"The pending enhancement of the BCS utility program delays the accurate classification of current versus non-current receivables, especially for demandable accounts within 12 months."