Not every CPA is qualified to conduct Housing and Urban Development (HUD) program audits. HUD audits have specific audit, reporting and disclosure requirements and failure to comply can result in large penalties, increased overhead or even disqualification from HUD programs. With the ever changing audit standards, it can become confusing to navigate.
We stay current on all HUD standards to ensure that our expertise helps guide you through the financial reporting guidelines. Our knowledgeable staff serving the housing and development market meets the standards of government (yellow book) auditing standards required to perform certain federal work. Our scope of HUD services includes:
Audit and accounting services for multi-family housing programs
Audit and accounting services for HUD mortgagors and mortgagees
We have served HUD-regulated clients in both the for-profit and the not-for-profit sectors. Our commitment to understanding the intensely regulated environment allows us to handle any challenge a HUD audit may present.