The absence of an official manual and policy for tracking and reporting money owed to the agency led to major recording errors, massive discrepancies, and an unreliable receivables balance totaling over 61 billion pesos.

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

"NATIONAL HOUSING AUTHORITY Elliptical Road, Diliman, Quezon City AGENCY ACTION PLAN and STATUS OF IMPLEMENTATION Audit Observations and Recommendations For the Years Ended December 31, 2024 and 2023 As of August 31, 2025 fnnex Agency Action Plan Reason for Partial/Delay/ Ref. Audit Observations Audit Recommendations Target Implementation Date Status of Non- Action Taken/Action to be Taken Action Plan Person/Dept. Implementation | Implementation Responsible From To , if applicable A. FINANCIAL AUDIT No. 1 | Absence of a manual or policy | We reiterated our Accounting January 2025 December AD: The AD has already prepared a draft on accounting, reporting, and | recommendations from the Department 2025 Receivables Manual to serve as a guide for each monitoring of the National | previous year, with personnel and/or responsible Unit/Office in ensuring Housing Authority’s (NHA) | modifications, that Management COSDD proper and systematic recording, reporting, and receivable accounts cause"

Source Document