The agency failed to properly record large loan receivables, payables, and foreclosed properties related to the SSS housing loan program, leading to understated accounts and misclassified assets.

Why It Matters

Recommended Actions

• Institute a monitoring system in each of the concerned Office/Department/Unit on the completeness of the reported PN, REM, Deeds and other contracts by placing control series for each type of contract to ensure accurate recording and adjustment of all relevant transactions in the books
• And

Original Audit Finding Excerpt

"Page 68 of 90 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 account to appropriate accounts. No. 18, page 203 The NHA allocated calamity funds to the Department of Information and Communications Technology (DICT) for multiple projects in Marawi City, including the reconstruction of the DICT building, amounting to P36.185 million, casting doubt on the propriety of the fund transfer. Moreover, the NHA did not provide additional documents requested by the COA, hindering the Commission to ass"

Source Document