Course ID: EOAHUD

Advanced Auditing of HUD-Assisted Projects

Does your organization know what it takes to perform a HUD audit? During this course you will gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. You will also assess and evaluate the latest changes in the federally-assisted housing industry and efficiently plan, perform, and report a HUD-assisted engagement.


LEARNING OBJECTIVES
  • Assess issues unique to the HUD-assisted project environment.
  • Interpret components of due professional care to the HUD-assisted project environment.
  • Reconstruct the required disclosures for HUD audits.
  • Evaluate the HUD’s policy on submission, review, and reporting requirements.
  • Assess the requirements for the separate agreed-upon procedures engagement prior to submission of the financial data templates to REAC.
  • Contrast the compliance requirements for both Title I and Title II approved lenders.

MAJOR TOPICS
  • 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

DESIGNED FOR
CPA firm audit managers (and above) involved with the performance of audits of HUD-assisted projects. Government auditors and HUD-assistance grantees

FIELD OF STUDY
Auditing (Gvmt)

PREREQUISITES
Experience in conducting and/or planning HUD audits

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Advanced

This course is available for your group as:

Group Live On-Demand
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org