Inadequate Documentation and Non-Submission of Lease Contracts for Post-Audit
National Housing Authority · 2024
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What Happened?
Category: Procurement and ContractingIssue: Non-complianceOffice lease agreements and supporting documents were not submitted on time for audit review, preventing timely verification of transactions.
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
"Agency Action Plan Reason for = Partial/Delay/ Ref. Audit Observations Audit Recommendations ; Target Implementation Status of Non- Action Taken/Action to be Action Plan Person/Dept. Date Implementation Implementation, Taken Responsible From To if applicable necessary demand letters were issued. RO coordinated with the AD in regarding the final computation of claims of the contractor's liability to pay the final computations by AD of the unrecouped advances and excess payment and collect/deduct the same from their progress billing to other region. CY 2023 Liquidated damages (LD) were | b.ii, Initiating —_termination/ Not Implemented Reg 6: To expedite the completion AAR not applied, recovered, or | rescission of contracts on Accounting of the housing units, the Observation | deducted from the payments to | infrastructure projects when Department District/Regional Office No. 14, contractors who incurred | liquidated damages reach 10 recommends the imposition of page 180 | delays rangi"