The Role of CPAs in HUD Compliance and Risk Reduction
What HUD Auditors Are Really Looking For: Insider CPA Insights
7 Common Mistakes Found in HUD Audits and How to Avoid Them
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 [...]Your Go-To Guide for Navigating HUD Audit Requirements
Understanding the HUD Audit Guide: What Every Housing Provider Needs to Know
The HUD Audit Process: Common Pitfalls & Best Practices
Common pitfalls of HUD audits include inadequate record keeping and documentation, failure to comply with HUD regulations and requirements, inaccurate or incomplete tenant eligibility determinations and rent calculations, weak internal controls and segregation of duties, and inadequate preparation for the audit process. Other pitfalls can include lack of knowledge or understanding of HUD audit requirements, […]
Common Mistakes to Avoid During a HUD Audit
Preparing for a HUD audit can be a complex and demanding process. While meticulous preparation can set you on the path to success, certain common mistakes can derail even the best efforts. Recognizing and avoiding these pitfalls is crucial for ensuring a smooth audit experience. Here are some of the most common mistakes organizations make […]
Understanding HUD Audits: A Beginner’s Guide
Navigating the landscape of HUD audits can be challenging, especially for those new to the process. A HUD audit is an essential mechanism to ensure that organizations receiving federal funds comply with applicable regulations and manage their resources effectively. This beginner’s guide will provide you with a foundational understanding of HUD audits, including what they […]
HUD Audit Readiness: Strategies and Solutions
Ensuring readiness for a HUD audit is crucial for organizations receiving federal funding. The Department of Housing and Urban Development (HUD) audits are comprehensive and require meticulous preparation to demonstrate compliance with various regulations. In this blog, we will explore effective strategies and solutions to help your organization achieve HUD audit readiness and ensure a […]