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Advanced Auditing of HUD-Assisted Projects

Author/Moderator: Peter B. Bell, CPA
Publisher: AICPA
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Gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. 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 Circular A-133 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:
When you complete this course, you will be able 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.
  • Describe 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.
  • Understand 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 and 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: Text - 7.5; On-Demand - 6
Yellow Book Hours: Text - 7.5; On-Demand - 6
Advanced Auditing of HUD-Assisted Projects
Text , 2014
Product# 730351
Availability: In Stock
AICPA Member:$145.00
Your Price:$181.25
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