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Advanced Auditing of HUD-Assisted Projects

Author/Moderator: Chris Stanz, CPA
Publisher: AICPA
Availability: Online Access
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Gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. In this CPE course, learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform, and report a HUD-assisted engagement. Uncover the effects of OMB on HUD-assisted not-for-profit entities.

Topics Discussed:

  • HUD audit environment
  • Audit standards for audits of HUD-assisted projects
  • Fieldwork standards for audits of the HUD-assisted projects
  • Audits of HUD-regulated lenders
  • Reporting standards for audits of HUD-assisted projects
  • Annual financial statement requirements
  • Mortgagees

Learning Objectives:

This course will prepare you to:

  • Identify issues unique to the HUD-assisted project environment
  • Apply components of due professional care to the HUD-assisted project environment
  • Identify the required disclosures for HUD audits
  • Recall the HUD’s policy on submission, review, and reporting requirements
  • Identify the requirements for the separate agreed-upon procedures engagement prior to submission of the financial data templates to REAC
  • Recognize the compliance requirements for both Title I and Title II approved lenders

Who Will Benefit?

  • CPA firm audit managers (and above) involved with the performance of audits of HUD-assisted projects
  • Government auditors and HUD-assistance grantees

Prerequisite: Experience in conducting and/or planning HUD audits

Advanced Preparation:None


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NASBA Field of Study: Auditing (Governmental)
Level: Advanced
Recommended CPE Credit: 6
Yellow Book Hours: 6
Advanced Auditing of HUD-Assisted Projects
CPE On-Demand , 2016
Product# 163612
Availability: Online Access 1 Year
For registered users only
AICPA Member:$99.00
Your Price:$129.00
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