As an owner, developer or management agent of an affordable housing project funded by federal monies, the U.S. Department of Housing and Urban Development may require you to complete an audit. Cropper Accountancy Corporation is experienced in working with programs like these, and we understand the complex compliance and reporting requirements of the granting agency, especially in the current era of increased oversight.
HUD audits must meet the Uniform Guidance Requirements and compliance requirements of Single Audits. Single Audit clients receive three key reports:1) Independent Auditors’ Report, 2) Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards, and 3) Report on Compliance for Each Major Federal Program and Report on Internal Control Over Compliance In Accordance with the Uniform Guidance. In addition to these reports, we will also help you audit your Schedule of Expenditures and Federal Awards (SEFA).
What can I expect from a HUD audit?
HUD requirements and filing can be a complex process, which is why the best step you can take is to speak with experts who can walk you through the entire process of a HUD audit.
Find comfort in knowing an Expert in accounting is only an email or phone-call away.
We will happily offer you a free consultation to determine how we can best serve you.
Use our client portal to securely deliver a file to a member of our firm.
We have worked with Cropper Accountancy for over 15 years and have been tremendously impressed with their communication,
their attention to detail and their follow-up. Everyone we have encountered at the firm has
been responsive and polite and we value our relationship with them.
Romney White, Managing Member of HUD Multifamily Housing
Cropper Accountancy Corp conducted our year-end audit in an efficient, friendly, and knowledgeable manner. It was a first-year
audit, and they came up to speed on our business model and practices very quickly. Concurrently,
they took the time to advise us of upcoming GAAP and tax rulings that could affect our business,
and how to navigate the changes. John, Bryce and Emily are more than our auditors - we consider
them partners in our quest to expand and improve our business.
Karyn White, Growth Point Technology Partners