HUD Information: GAQC Alerts, Web Events, Links to Illustrative Audit Reports, and Other Resources 


    Previous GAQC Alerts Related to HUD Engagements.

    GAQC Alert #243 - February 2014 - HUD Lender News

    GAQC Alert #222 - June 2013 - HUD Issues Revised Chapter 1 of HUD Guide

    GAQC Alert #214 - February 2013 - GAQC Releases Updated Illustrative HUD Reports

    GAQC Alert #210 - January 2013 - New HUD Consolidated Audit Guide Revisions

    GAQC Alert #190 - March 2012 - HUD Issues Compliance Audit Waiver for Small Supervised Lenders

    GAQC Alert #159 - February 2011 - New HUD Requirements for Supervised and Non-Supervised Mortgagees and Upcoming GAQC Web Event 

    GAQC Alert #153 - October 2010 - Available Resources to Help Improve Your Single Audit Quality

    GAQC Alert #151 - September 2010 - Summary of Proposed Yellow Book Changes; and Comment Instructions

    GAQC Alert #136
      - January 2010 - HUD Approves and Issues Internal Control Report Illustrations with SAS No. 115 Language. 

    GAQC Alert #104  - February 2009 - HUD Issues Additional Guidance on PHA Completion of the FDS and GAQC Releases Related Illustrative Auditor Reporting Guidance.

    GAQC Alert #96 - December 2008 - HUD Issues Guidance on PHA Completion of the FDS and Related Auditor Reporting. 

    A full listing of all GAQC Alerts can be accessed by clicking here.


    Archived GAQC Member Web Events Specifically Relevant to HUD Audits

    Listen to an Archived Web Event on The HUD Consolidated Audit Guide Part I: For-Profit Multifamily Housing Audits.  This GAQC Web event covers the aspects of the Guide relating to for-profit housing entities and will help you prepare for your 12/31 year-end audits.   Click here to learn more about the event and access the archive. (No CPE is available for viewing the archive.) 

    Listen to an Archived Wev Event on The HUD Consolidated Audit Guide Part II: Lender Audits.  This GAQC Web event will cover the aspects of the HUD Guide relating to supervised lenders (e.g., banks and credit unions) and nonsupervised lenders in order to help you prepare for your 12/31 year-end audits.  Click here to learn more about the event and access the archive. (No CPE is available for viewing the archive.) 

    Listen to an Archived Web Event on What You Need to Know About the 2010 Yellow Book Exposure Draft.  The purpose of this archived GAQC Web event is to provide you with information about the major changes that the Government Accountability Office (GAO) is proposing to the 2007 edition of Government Auditing Standards (also known as the Yellow Book) in the Exposure Draft (ED) titled, Government Auditing Standards 2010 Exposure Draft, and how to comment on the Yellow Book ED. The presenters focused on GAO's stated reasons for proposing changes to the auditor independence rules which is to achieve further harmonization with the AICPA's rules. They also answered many independence questions from participants during the presentation. Click here to learn more about the event and access the audio file.

    Listen to an Archived Conference Call on the Multifamily Housing Chapter of the HUD Consolidated Audit Guide. This archived GAQC conference call, which is left open to both members and non-members as a public service, is intended for auditors who perform HUD multifamily housing audits. It primarily covers Chapter 3 of the HUD Guide  which was effective for audits of profit-motivated sponsors/entities with fiscal years ending on or after December 31, 2008. The presenter, George Datto, highlights the major changes in the chapter and addresses member questions submitted in advance and during the live event. The presenter also explains at a very high-level Chapter 4, HUD Multifamily Hospital Program which was also recently revised. Click here to learn more about the call and access the audio file.

    Links to Illustrative Audit Reports

    Updated Clarity Illustrative Reports - HUD (For periods ending after Dec. 15, 2012)



    Other Resources

    Listing of HUD Handbooks. HUD Handbooks, Notices and other documents are available to print or view at HUDCLIPS. For the FHA Home Mortgage programs, links to the most commonly used Handbooks and Mortgagee Letters are included in the FHA Mortgagee Starter Kit. Printed handbooks can be ordered online through the Direct Distribution System or by telephone at (800) 767-7468.  




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