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Advanced Auditing of HUD-Assisted Projects (4151039C)
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For HUD-assisted housing owners and managers, navigating the audit environment surrounding these projects take precision to avoid falling into compliance pitfalls. Learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform and report a HUD-assisted engagement. We'll also explore the effects of OMB Circular A-133 on HUD-assisted not-for-profit entities. Formerly titled: Advanced Auditing of HUD-Assisted Projects: Common Pitfalls

1/19/2016
When: 1/19/16
9:30 AM - 3500 PM
Where: Webcast/Webinar
Presenter: Peter Bell
Contact: April Deneault
801-834-6634


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For HUD-assisted housing owners and managers, navigating the audit environment surrounding these projects take precision to avoid falling into compliance pitfalls. Learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform and report a HUD-assisted engagement. We'll also explore the effects of OMB Circular A-133 on HUD-assisted not-for-profit entities.
Formerly titled: Advanced Auditing of HUD-Assisted Projects: Common Pitfalls

 

Objectives:

Identify unique issues of HUD-assisted project environment.
Determine components of due professional care that are applied to the HUD-assisted project environment.
Identify required disclosures for HUD audits.
Recognize HUD 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.
Determine compliance requirements for Title I and Title II approved lenders.


Major Subjects:

HUD audit environment
Audit and fieldwork standards for HUD-assisted projects
Audits of HUD-regulated lenders
Audit reporting standards for HUD-assisted projects
Annual financial statement requirements
Mortgagees



Designed For:

CPA firm audit managers and others involved in auditing HUD-assisted projects, government auditors and HUD-assistance grantees.

Prerequisite:

Some experience with HUD-assisted projects or equivalent knowledge.

 

Advanced Prep: None

  

Speaker: Peter Bell

Vendor: CalCPA

Field of Study: Governmental A&A

Level: Advanced

CPE Credit: 8 Hours

Acronym: AHUD

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

Peter Bell heads his own consulting and training practice providing support for the audit and financial reporting needs of the affordable housing industry. He is retired from the federal government with over 35 years’ experience as an auditor and financial manager with three different federal agencies, most recently as director of the financial assessment subsystem for the Real Estate Assessment Center (REAC) at the U.S. Department of Housing and Urban Development (HUD).  In addition, Bell directed the multifamily housing financial assessment staff. Prior to that, he was the director of both the quality assurance staff and the public housing financial assessment staff at REAC. Before joining REAC in July 1998, he was an audit manager with the Office of Inspector General for HUD, providing technical assistance on non-federal audit issues.  Bell is a frequent trainer and discussion leader for numerous groups and state societies. He has developed comprehensive training programs to help the affordable housing industry understand HUD’s compliance and reporting requirements, as well as its assessment process. He is co-author, with Max Hunt, of two AICPA courses on audits of HUD-assisted projects.

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