Certified HUD Auditing
We are an auditing team of regional peer reviewed CPA’s that specialize in performing HUD Audits, A-133 Yellow Book Non-Profit Audits, USDA Rural Development Multi-Family, Other Certified Audits and other Non-Profit Organization Audits services and their related tax returns only.
We have serviced clients in 12 states. Our entire operation is geared towards HUD Audits, USDA Rural Development, A-133 Yellow Book Non-Profit Audits, other Non-Profit Organization Audits and other Certified Audits.
As an Audit House, our proprietary Auditing techniques and our nearly 60 year Auditing experience with thousands of these specialized HUD Audits, multifamily Audits and non-profit organization Yellow Book Audits enable us to help you save your organization time and save thousands in fees while you enjoy a seamless and painlessly efficient Audit experience.
HUD Audits for Public Housing, Section 8 Housing, and Insured Multi-Family Housing Programs
Generally, all participants of Section 8 housing, other related HUD and HFA programs in the insured multifamily housing program must prepare annual financial reports in accordance with U.S. Department of Housing and Urban Development HUD guidelines. The financial reports must follow generally accepted accounting principles (GAAP). The reports must also be submitted to HUD electronically to REAC for processing within 90 days of their year-end for further review and potential inquiry from the Multi-Family assessment center and on some occasions DEC (Division Enforcement Center).
Every year, the 21,000 or so insured/assisted multifamily properties submit audited financial statements to HUD. HUD uses these submissions to assess the financial strength and regulatory compliance of each HUD property. Relatively few CPAs are qualified and can audit HUD programs. HUD audits are complex, specialized and require certain specific disclosures.
Our firm’s sole focus and area of practice on HUD and Multi-Family Housing enables us to excel at performing these Audit services effectively and affordably.
Our Lead Hud Auditors have a minimum of 33 years in the industry; our staff Auditors have a minimum of ten years in the field. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. We impart knowledge to avoid pitfalls that may affect you and your HUD development. Let us demonstrate our skills in providing exceptional HUD audit services. We will help you comply with HUD requirements so you can avoid penalties, sanctions and even termination from HUD programs.
Yellow Book Non Profit Multifamily Housing Audits, Section 8 Housing Audits, Multi-Family Housing Programs and Single Audit Act Programs Audit services
Generally, all participants of Non Profit Audits Public Housing, Section 8 Housing, Multi-Family Housing Programs and Single Audit Act programs must prepare annual financial reports in accordance with the Office of Management and Budget “Yellow Book” guidelines. The financial reports must follow generally accepted government auditing Standards (GAGAS). The reports must also be submitted to the OMB Clearinghouse electronically for processing within 9 months of their year-end for further review and potential inquiry.
Every year, over 250,000 Non Profit properties submit audited financial statements to the OMB CFDA Clearinghouse. OMB uses these submissions to assess the financial strength and regulatory compliance of each Non Profit entity, as well as, track program funding. Relatively few CPAs are qualified and can audit Yellow Book programs. Yellow Book A-133 audits are complex, specialized and require certain specific disclosures. Our firm’s sole focus and area of practice on Yellow Book Audits enables us to excel at performing these Audit services effectively and affordably.
Our Lead Auditors have a minimum of 25 years in the industry; our staff Auditors have a minimum of ten years in the field. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. We impart knowledge to avoid pitfalls that may affect you and your Yellow Book organization. Let us demonstrate our skills in providing exceptional Non-profit Yellow Book A-133 audit services. We will help you comply with Yellow Book requirements so you can avoid Inspector General scrutiny, penalties, sanctions and even termination from A-133 and Non-profit programs.
USDA Rural Development Housing Program Audit Services
Generally, all participants of USDA Rural Development Multifamily Housing programs must prepare annual financial reports in accordance with the USDA Rural Development guidelines. The financial reports must follow Government Auditing Standards. The reports must also be submitted to the regional USDA Rural Development offices for processing and also submitted electronically via the Multi-Family Information System (MFIS) within 90 days of their year-end for further review and potential inquiry.
Every year, the thousands of these USDA properties submit audited financial statements to the MFIS. USDA uses these submissions to assess the financial strength and regulatory compliance of each multifamily entity, as well as, track program funding. Relatively few CPAs are qualified and can audit USDA programs. USDA Multi-Family audits are complex, specialized and require certain specific disclosures. Our firm’s sole focus and area of practice on USDA Audits enables us to excel at performing these Audit services effectively and affordably.
Our Lead Auditors have a minimum of 25 years in the multifamily industry; our staff Auditors have a minimum of ten years in the field. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. We impart knowledge to avoid pitfalls that may affect you and your USDA organization. Let us demonstrate our skills in providing exceptional USDA Multi-Family audit services. We will help you comply with USDA requirements so you can avoid further regulatory scrutiny, penalties, sanctions and even termination from the USDA programs.
Audit Services
Generally growing Partnerships, C Corporations, S Corporations, LLCs, LLPs and the occasional Sole Proprietorship that borrow funds or have investors require audited annual financial reports in accordance with generally accepted accounting principles. The financial reports must follow generally accepted auditing standards. These reports may require submission to the various concerned parties previously mentioned within a timely framework after their year-end for review and analysis.
Every year, the thousands of these independent entities submit audited financial statements to their affiliated overseers. Investors use these financial reports to assess the financial strength and financial returns of their investment. Bankers, suppliers and creditors want to review financial strength and condition of the entities. Not all CPAs are qualified and can audit Partnerships, C Corporations, S Corporations, LLCs, LLPs and Sole Proprietorship entities. These audits may be complex, specialized and require certain specific disclosures. Most importantly is the timely and proper filing of the IRS and state tax returns and annual filings to avoid unnecessary penalty and interest charges. We can assist with tax return preparation to protect your status and investment.
Our firm’s sole focus and area of Audit practice enables us to excel at performing these Audit and Tax services effectively and affordably.
Our Lead Auditors have a minimum of 25 years in the Audit industry; our staff Auditors have a minimum of ten years in the field. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. We impart knowledge to avoid pitfalls that may affect you and your organization. Let us demonstrate our skills in providing exceptional Audit services. We will help you comply with your specific Audit standards and requirements so you can continue to pursue your business ventures and avoid unwelcome surprises.
Our licensed and Certified Public Accountants and Auditors with HUD Auditors.com are completely qualified, trained and experienced with all Audit processes and your specific Audit needs and requirements. We are hands-on Auditors that welcome face to face meetings and assistance for our Audit clients. We believe that a fruitful and productive long term relationship develops for both parties when interactive time is spent together at the client’s facilities as the work, understanding and facilitation unfolds.
Our Lead Auditors
Our Lead Auditors have an average of 25 years of Audit experience. They are members of the AICPA, GACQ, PCPS, and various State CPA societies, in addition to, but not limited to AHACPA and NATP. They have frequent flyer miles and will personally visit your operations site and/or management offices when overseeing the Audit.
Our Staff Auditors
Every Audit Staff member is a Certified Public Accountant that has an average of ten years of Audit experience. They are members of the AICPA and various State CPA societies. They enjoy fieldwork and welcome the opportunity to interact with you and your staff on site.
Our Peer Network
We have unlimited peer resources in our regional and national Auditing community. We sometimes consult those resources to verify that our method of accounting or tax treatment or procedures utilized on complex or specialized matters is correct. On some very rare occasions when HudAuditors.com is unable to assist you, we will make a recommendation for one of our better matched peer network firms to fulfill your needs.