This course is for audit professionals with audit experience with HUD (Housing and Urban Development) assisted projects such as Multifamily Housing projects. The course will include a discussion of the most commonly encountered HUD programs with audit requirements, the audit standards that apply to such audits, a review of the various compliance requirements that are common to HUD programs. We will identify common substantive and control testing audit procedures that apply to audits of multifamily housing projects, and the audit reporting requirements under both the HUD Audit Guide and the Uniform Guidance.
Learning Objectives
• Determine various compliance audit requirements from the HUD Consolidated Audit Guide
• Recognize potential audit fieldwork issues on audits of HUD projects.
• Identify procedures and requirements
Major Topics
• Audit requirements
• Audit procedures
• Requirements under HUD Consolidated Audit Guide and the Uniform Guidance
