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HUD AUDIT COSTS
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We Provide Services for:
FHA Approved Lenders
We specialize in HUD subsidized housing and projects that range anywhere between 85 to 500 units.
Our team is deeply experienced and specialized in performing HUD Audits. We are dynamic and focused on quality of service since 1985.
We are members of the American Institute of Certified Public Accountants (AICPA), the California Society of CPAs as well as the Government Audit Quality Center.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Be sure your accounting records are in good shape and all Balance Sheet accounts are supported by backup documentation. Your accounting staff can create what is called a lead sheet for all balance sheet accounts. A lead sheet details all account activities including attachments that support all major entries.
Get all audit work papers “audit ready” for your accountant by the first week of February as the Financial Statements need to be filed with REAC by March 31 or March 30 if in a leap year.
We use Thomson Reuters in our client portal to ensure maximum security and convenience to help clients all over the U.S.
HUD Central Site – www.hud.gov
HUD Field Offices – https://www.hud.gov/program_offices/field_policy_mgt/localoffices
HUD Client Information and Policy System (HUDCLIPS) – https://www.hud.gov/program_offices/administration/hudclips
Real Estate Assessment Center (REAC) – https://www.hud.gov/program_offices/public_indian_housing/reac
Multifamily Housing – https://www.hud.gov/program_offices/housing/mfh
Consolidate Audit Guides – https://www.hudoig.gov/reports-publications/audit-guides/consolidated-audit-guides