HUD audits, or audits conducted by the Department of Housing and Urban Development, are comprehensive examinations of financial records, programs, and activities undertaken by organizations that receive federal funding through HUD. These audits are aimed at ensuring compliance with HUD regulations, policies, and procedures. They assess financial management practices, program effectiveness, and the integrity of […]
This Notice announces the continued availability of supplemental operating funds for Section 8, Section 202, and Section 811 properties to prevent, prepare for, and respond to the coronavirus disease discovered in 2019 (COVID-19)1 and establishes an application process for owners of properties assisted under these programs to request funds for one or more of these purposes.
The U.S. Government Accountability Office (GAO) today issued a new revision of Generally Accepted Government Auditing Standards, also known as the “Yellow Book.” Last revised in 2011, the Yellow Book is designed to help government auditors at the federal, state, and local levels produce high-quality audits that reflect competence, integrity, objectivity, and independence.
On June 2, 2013, the GAQC issued its comment letter on the Office of Management and Budget (OMB) Proposed Rule, Reform of Federal Policies Relating to Grants and Cooperative Agreements: Cost Principles and Administrative Requirements (Proposed Rule), and the related, Proposed OMB Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards (Proposed Guidance). GAQC Alert #211.
In GAQC Alert #221, we informed you about the OMB proposed changes to the DCF and guidance that was being developed for situations when 2013 single audits are completed prior to the final 2013 DCF being available.