HUD Information: HUD Consolidated Audit Guide 


    HUD Consolidated Audit Guide
    The purpose of this Guide is to assist independent auditors in performing program-specific audits of participants in selected HUD Housing and Ginnie Mae programs. The auditees that generally are audited under this Guide are for-profit entities (note that not-for-profit and governmental organizations that participate in HUD housing programs would fall under the requirements of the Single Audit Act and Circular A-133 and not this Guide).

    Audits under the Guide must also be performed in accordance with the standards for financial audits in Government Auditing Standards, issued by the Comptroller General of the United States. The objectives of a HUD program-specific audit under the Guide are to assist the program managers in HUD in determining whether the auditee has: (a) provided financial data and reports that can be relied upon; (b) internal control in place to provide reasonable assurance that it is managing HUD programs in compliance with applicable laws and regulations; and (c) complied with the terms and conditions of federal awards and guarantees, and thus expended federal funds properly and with supporting documentation. 

    The HUD OIG continues to work on a revision of the Consolidated Audit Guide. The revised guide is being issued on a chapter-by-chapter basis. We will continue to keep members informed of HUD's progress. Below is a list of the status of each chapter.

    Chapter

    Description

    Updated

    Effective

    1

     Transmittal Letter

    5/2013

    Periods ending on or after
    June 30, 2013

    1

    General Audit Guidance

     5/2013

    See Above 

     2

     Transmittal Letter - Change 15

     3/2013

     Periods ending on or after March 31, 2013

     2

     Transmittal Letter

     1/2013

     Periods ending on or after March 31, 2013

     2

     Reporting Requirements and Sample Reports

     1/2013

     Periods ending on or after March 31, 2013

    3

    HUD Multifamily Housing Programs

    7/21/2008

    12/31/2008

    4


    Transmittal Letter

     

     

    9/2014 

    Periods ending on or after December 31, 2014

    4

    HUD Mortgage Insurance for Hospitals Program

    9/2014

    Periods ending on or after December 31, 2014

    5

    Transmittal Letter

    3/23/2007

    6/30/2007

    5

    Insured Development Cost Certification Audit Guidance

    3/23/2007

    6/30/2007

    6


    Transmittal Letter

    May 2012 

    Effective upon issuance

     6

    Transmittal Letter for REV-2, CHG-13

     April 2013

     Effective upon issuance

    6

    Ginnie Mae Issuers of Mortgage-Backed Securities Audit Guidance

    May 2012 & April 2013

    Effective upon issuance

    7

    Transmittal Letter

    12/2012

    Effective upon issuance

    7

    FHA-Approved Lenders Audit Guidance

    12/2012

    Effective upon issuance

    7

    Mortgage Letter 2012-29  Interim Reporting for Small Supervised Lenders and Mortgagees

     12/21/2012

     Effective upon issuance

    Appendix

    HUD Regional Inspector Generals for Audit

    3/2007

    3/2007




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