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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.
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
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
Advance Preparation: None
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