Lack of Action on Liquidation Process
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency said it would start closing out the project's finances in June 2024, but nothing has actually been done. This means the project cannot be properly closed and funds cannot be accounted for.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"the Audit Team was informed that the Authority intended to begin the liquidation of the project starting June 2024. However, as at Report date, no real actions have been done"