Housing units were improperly recorded as inventory and future projects in the financial books even though they have been fully occupied since 2017 without proper documentation.

Why It Matters

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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 communication of the deficiencies noted in the review, if any. CY 2021 AAR CY 2021 The balances of the |a. The AD to regularly Accounting June 2025 | December | Not implemented AAR receivables from and payable | coordinate with Bureau of Department 2025 Observation | to other government agencies | Treasury (BTr) and other No. 3, page | accounts differed by P989.535 | concerned agencies to All Concerned 87 million and P88.555 million, | determine the cause/s of SO/ROs respectively, aS compared to the balances confirmed by implementing and source agencies, thus, reliability, accuracy and validity of the reported account balances could not be ascertained. discrepancy and effect necessary adjustments, if any, to arrive at reconciled"

Source Document