Webcast: Audits of HUD-Assisted Projects (XAHUD217)
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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 these updates impact your audits.

 Export to Your Calendar 10/18/2017
When: 10/18/2017
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1369707:C9E65A5DC1B66E37D80FC21FC46C0672
United States
Presenter: Lynda M. Dennis, CPA, CGFO, PhD


Online registration is available until: 10/16/2017
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Acronym XAHUD217
CPE 4 hours
Vendor AICPA
Category
Accounting Governmental
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Practitioners involved with or considering the performance of audits of HUD-assisted projects
Registration
Member $159
CPA Non-Member $199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

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 these updates impact your audits.

Topics

  • HUD programs
  • Coverage of the consolidated HUD audit guide
  • HUD’s organization, programs, and policies
  • Key regulatory and contract provisions
  • 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

Objectives
When you complete this course you will be able to:

  • Recall 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.
  • Recognize 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 Uniform Guidance, 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.