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. 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 particular federal programs and how they impact your
audits.
Learning Objectives
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, 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
Major Topics
HUD programs
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
