The National Housing Authority lacked an official accounting and monitoring manual for managing its receivables. This led to serious reporting errors, including an P11.081 billion discrepancy in beneficiaries' transactions, incorrect account classifications, and inaccurate financial calculations totaling over P63 billion.

Why It Matters

Recommended Actions

• Ascertain the complete recording of the GA/SRs by checking the sequential series of the approved GA/SRs as well as cancelled awards and Schedule of Rebates for each project prior to the preparation of the SRR;

Original Audit Finding Excerpt

"ACTION PLAN MONITORING TOOL Sector : CORPORATE GOVERNMENT AUDIT SECTOR Prepared by : All COA-NHA Audit Teams Date : October 02, 2025 Team : Audit Team 1 – Financial and Revenue Audit Agency Audited : National Housing Authority (NHA) Audit Period : CY 2024 Reviewed and Approved by : Liza S. Dela Cruz (Supervising Auditor) Date : October 08, 2025 AAR Transmittal Date : June 30, 2025 AGENCY ACTION PLAN and STATUS OF IMPLEMENTATION AS AT AUGUST 31, 2025 RESULTS OF COA VALIDATION Ref. (No. in the AAR) Audit Observations Audit Recommendations Agency Action Plan Status of Implementation Reason for Partial/Delay/ Non- Implementation, if applicable Action Taken/Action to be Taken Date of Follow-up Status of Implementation Actual Implementation Date Remarks Action Plan Person/ Department Responsible Target Implementation Date From To From To Part II of CY 2024 Annual Audit Report (AAR) A. Financial Audit No. 1 page 81"

Source Document