Late Submission of Contracts, Purchase Orders, and Inspection Reports
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceNHA did not submit important procurement documents on time, which delayed the audit and made it harder to identify problems. This violates COA rules.
Why It Matters
Recommended Actions
- Comply with the provisions of COA Circular No. 89 -299A on the submission of IARs.
Original Audit Finding Excerpt
"Page 75 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 impairment loss due to inability to report the condition and assess the recoverable amount. No. 9, page 137 The collection efficiency rates reported in the Collection Evaluation Report (CER) could not be relied upon due to improper and incomplete reporting of total amount due and actual collection which may mislead its users. Further, NHA has low collection efficiency of 23 per cent out of the total outstanding receivables for reside"