In an FHA audit, your financial statements are only half the story. The HUD Consolidated Audit Guide (2000.4) requires auditors to issue a separate report on your Internal Controls over Compliance. If your internal controls are deemed "ineffective," you face more than just a footnote in your audit—you risk referrals to the Mortgagee Review Board [...]
For FHA-approved lenders, the annual recertification process in the Lender Electronic Assessment Portal (LEAP) is the most critical compliance event of the year. A single missed deadline or a technical "Unable to Certify" status can halt your ability to originate FHA-insured loans overnight. As we move through the 2026 cycle, HUD has introduced new technical [...]
For FHA-approved lenders, the HUD Consolidated Audit Guide (Handbook 2000.04) is the ultimate rulebook. Specifically, Chapter 7 dictates the financial and compliance standards you must meet to maintain your FHA approval. As we move through 2026, the HUD Office of Inspector General (OIG) has intensified its focus on lender solvency and cybersecurity. At Wilson & [...]
If 2024 and 2025 were years of transition, 2026 is the year of enforcement. For HUD-assisted multifamily housing, the "grace periods" for major regulatory overhauls are ending. Between new physical inspection scores and shifting financial reporting deadlines, property managers must be more precise than ever. At Wilson & Associates CPA, we are tracking these changes [...]
In the world of HUD-assisted housing, an audit finding isn't just a slap on the wrist—it can lead to flagged status in the Active Partners Performance System (APPS), civil money penalties, or even loss of funding. At Wilson & Associates CPA, we help owners navigate the HUD Consolidated Audit Guide every day. We’ve noticed that [...]
For multifamily property owners and management agents, the annual HUD audit can feel like a looming deadline fraught with complexity. Between shifting NSPIRE (National Standards for the Physical Inspection of Real Estate) protocols and the strict financial requirements of the HUD Consolidated Audit Guide, there is no room for error. At Wilson & Associates CPA, [...]
After years of conducting and supporting HUD audits for housing providers across the country, we’ve seen just about everything—strong systems that pass with flying colors and preventable mistakes that turn into costly findings. Through it all, one thing has become clear: success in a HUD audit doesn’t come from luck. It comes from preparation, awareness, [...]
When it comes to federal housing programs, staying compliant with HUD regulations isn’t just about following the rules—it’s about protecting your funding, your reputation, and the stability of your organization. That’s where CPAs come in. CPAs who specialize in HUD programs play a critical role in ensuring housing providers remain compliant and audit-ready while actively [...]
HUD audits can feel intimidating, especially if you're unsure what auditors will be focusing on. The truth is, HUD auditors follow a detailed roadmap—the HUD Consolidated Audit Guide—and they’re trained to look for specific compliance issues, financial inconsistencies, and internal control weaknesses. As CPAs who specialize in HUD audits, we’ve been on both sides of [...]
If you’re a housing provider receiving HUD funding, passing an audit isn’t just a matter of routine—it’s a requirement for continued participation in federal housing programs. But many organizations make avoidable mistakes that result in findings, questioned costs, and even the risk of losing funding. At Wilson & Associates CPA, we’ve conducted and supported hundreds [...] Next Page »
