CPE Self-Study

Audits of HUD-Assisted Projects

Publisher: AICPA
  • $149.00-$189.00
    Audits of HUD-Assisted Projects Availability : In Stock Product #: 730953
    AICPA Member: $149.00
    Non-Member: $189.00
  • $109.00-$139.00
    Audits of HUD-Assisted Projects Availability : Online Access Product #: 163662
    AICPA Member: $109.00
    Non-Member: $139.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-HUD

Do your audits of HUD-assisted projects make the grade? Receive high marks when you are well versed on HUD organizations, programs, policies, and procedures. In this practical CPE course, learn how to discern the various audit requirements for HUD programs and how to comply with specific HUD regulations, contracts, and procedures. Plus, review the latest developments on professional standards affecting specific federal programs and how these updates impact your audits.

Learning Objectives

This course will prepare you to do the following:

  • Recall HUD’s organization, programs, and policies.
  • Identify key concepts of the operating environment for property owners and projects with HUD-insured mortgages, direct loans, or capital grants.
  • Recognize reasons a developer would choose to develop property with government assistance and, therefore, government oversight and regulation, when conventional financing is available.
  • Identify the specific requirements of the Uniform Guidance for audits of states, local governments, and not-for-profit organizations that differ from the HUD Consolidated Audit Guide.
  • Identify the annual financial statement reporting requirements to HUD.
  • Identify requirements for the separate agreed-upon procedures engagement prior to submission of the financial data templates to REAC, and HUD’s policy on submission, review, and reporting requirements.

Key Topics

  • HUD programs
  • Coverage of the consolidated HUD audit guide
  • HUD’s organization, programs, and policies
  • Key regulatory and contract provisions
  • Annual financial statement requirements
  • Current developments in HUD housing programs
  • Section 8 programs
  • Auditing key regulatory and contract provisions
  • Applying the Consolidated Audit Guide to HUD-regulated mortgagees

Who Will Benefit?

  • Practitioners involved with or considering the performance of audits of HUD-assisted projects


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 (AICPA) 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.