Lease Contracts Lacking Supporting Documents and Post-Audit Submission
National Housing Authority · 2024
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What Happened?
Category: Procurement and ContractingIssue: Non-complianceOffice lease contracts totaling P27.079 million lacked complete supporting paperwork and were not submitted for required post-audits on time, preventing timely compliance review.
Why It Matters
Recommended Actions
- Comply with the requirements stated under COA Circular No. 2012-001 on the submission of the supporting documents;
Original Audit Finding Excerpt
"Contract of leases of Regional Offices (ROs)/District Offices (DOs) for government or privately -owned office/building amounting to P27.079 million for CY 2023 were not supported with sufficient documents and were not submitted for post audit, contrary to COA Circular No. 2012-001 dated June 14, 2012 and COA Circular No. 2009-001 dated February 12, 2009, preventing timely audit of the said transactions."