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.
This CPE course will help you become well-versed on HUD organizations, programs, policies, and procedures. You’ll learn the specific audit requirements for HUD programs, and how to comply with HUD regulations, contracts, and procedures. Plus, the course covers the latest developments on professional standards affecting federal programs, and how they’ll impact your audits.
Coverage of the consolidated HUD audit guide
HUD’s organization, programs, and policies
Key regulatory and contract provisons
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
When you complete this course you will be able to:
Understand 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.
Gain insight into 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 OMB Circular A-133, 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 with HUD’s policy on submission, review, and reporting requirements.
Who Will Benefit?
Practitioners involved with or considering the performance of audits of HUD-assisted projects
Advanced Preparation: None
Enhanced On-Demand Format
This enhanced on-demand format features audio and voice narration to keep you actively engaged with the course content. Additionally, updated course navigation allows you to easily move throughout the material. For your convenience, a PDF version of the text manual is included for download to use as a reference guide.