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Advanced Auditing of HUD-Assisted Projects (Self-Study)

Code: JI163613

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 6.0
Specialty
credits
6.0 Yellow Book recommended
Field(s)
of study
Accounting (Governmental) - Technical (6.0)
Fees
Standard member fee $99.00
checkmarkStandard nonmember fee $129.00

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Description

Gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. In this CPE course, learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform, and report a HUD-assisted engagement. Uncover the effects of OMB on HUD-assisted not-for-profit entities.

Who should take this program?

CPA firm audit managers (and above) involved with the performance of audits of HUD-assisted projects.

Major subjects

  • 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

Learning objective(s)

  • Identify issues unique to the HUD-assisted project environment.
  • Apply components of due professional care to the HUD-assisted project environment.
  • Identify the required disclosures for HUD audits.
  • Describe the HUD's policy on submission, review, and reporting requirements.
  • Identify the requirements for the separate agreed-upon procedures engagement prior to submission of the financial data templates to REAC.
  • Understand the compliance requirements for both Title I and Title II approved lenders

Notes:

Course code Code JI163613
Sponsor AICPA
NASBA ID#: 112891
Level Advanced
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None
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