Who should I select in the organization to interface with the external auditor on questions, document requests, etc.?
Have a dedicated Company Officer work with the external auditor and answer all questions in a timely fashion.
I have received a long list of questions from my Contract Administrator. How soon should I respond?
Be sure you respond to any requests from the Contract Administrator in a timely fashion as these can overwhelm an onsite property manager who is not experienced in Section 8 housing.
Is there any advice you can give regarding the REAC filing?
Make sure all REAC access to your financial statement file is obtained well before the REAC financial statement date filing deadline, as the process can be time consuming. Get your REAC filing started early because since most Financial Statements are filed the week before the filing deadline.
My company uses its own chart of accounts. Is this OK with HUD?
Use HUD chart of Accounts when you can.