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. Topics Discussed: •HUD programs
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
Course Level
Basic
CPE Field of Study
Auditing (Governmental)
4
Prerequisites
Management experience in accounting, finance, or operations
