Undisposed Unserviceable Machinery and Equipment
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceNHA has broken machinery and equipment worth about P2.7 million that it hasn't disposed of, which is against the rules and creates risks.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Further scrutiny of all the RPCPPE submitted by the AD disclosed that Machinery and Equipment costing P15.217 million with carrying value of P2.720 million are considered unserviceable but remain undisposed, contrary to Section 79 of PD No. 1445 and Paragraphs 82 and 83 of IPSAS 17."