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. |
Ask a Question
Find comfort in knowing an Expert in accounting is only an email or phone-call away.
We Are Here to Help
We will happily offer you a free consultation to determine how we can best serve you.