CPE Self-Study

Advanced Auditing of HUD-Assisted Projects

Publisher: AICPA
  • $99.00-$129.00
    Advanced Auditing of HUD-Assisted Projects Online Access Product #: 163613
    AICPA Member: $99.00
    Non-Member: $129.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-EO-AHUD

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.

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

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

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


Not-for-Profit Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

System Requirements

About the Authors

Chris Stanz, CPA

Chris is a principal in the public-sector group CLA. She has over twenty-two years of experience with the firm, providing auditing and consulting services to not-for-profit organizations. Chris serves a variety of small to midsize not-for-profit organizations throughout greater Minnesota, including social service organizations, religious organizations, housing organizations, and foundations. She also has extensive experience with HUD and single audits. Chris is also a member of the firm’s National Assurance Technical Group, where she serves as a firm-wide technical resource for the public-sector group, overseeing compliance with professional standards and policies for the not-for-profit industry group and providing technical assistance, training, and quality review of audits in the not-for-profit, single audit, and affordable housing practices.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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