News

Course Schedule for 2020

March 9, 2020

How to Register: Click here to register online Click here for a printable registration form (use this when registering more than one person at the same time) or call 801-547-0809 AHACPA’s 2020 Course Schedule Multifamily 1-day Update: 09/17 – Nashville, TN 09/22 – Detroit, MI 09/23 – Boston, MA** 10/01 […]

ASC 958 and Capital Advances

March 9, 2020

There have also been several questions regarding the implications of ASC Topic 958 and its application to Capital Advance (202/811) projects. As a reminder, in June 2018 FASB issued ASU 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (Topic 958). The standard revises […]

Disclosures for the adoption of FASB’s Accounting Standards Update 2017-09 (Topic 606)

March 9, 2020

AHACPA has received many questions regarding the implementation of FASB’s Accounting Standards Update 2014-09 – Revenue from Contracts with Customers [Topic 606]. The consensus is that Topic 606 has little relevance for most multifamily housing revenues. The questions focus on the nature of disclosures for the new revenue recognition standard. […]

The Long-Awaited RD Audit Guide has been released

November 19, 2019

On November 10, 2019, The Department of Agriculture’s Rural Development office officially released chapter 4 of Handbook 2-3560.  Appendix I to Chapter 4 contains the 2019 Audit Guide that has been promised for the last year.  A copy of the complete chapter can be found here.  That copy has been […]

In-Depth Discussion on the Implementation of ASU 2016-18 – Restricted Cash/ Cash Flow for Multifamily Audits

November 18, 2019

Stay tuned.  Tomorrow we will send out a newsletter with details on the Newly Released Chapter 4 of Handbook 2-3560, and the long-awaited 2019 Rural Development Audit Guide In-Depth Discussion on the Implementation of ASU 2016-18 – Restricted Cash/Cash Flow For Multifamily Audits After consultation with multiple CPA firms as […]

RD 3560-2 Chapter 4 Released

November 12, 2019

The new Chapter 4 was posted over the weekend with a revision date of 11/08/2019.  There was no announcement or any other type of notification.  Les is going over the information now to determine what has actually been updated.  He will be sending out an email later this week. In […]

Update on Rural Housing Audits for 2019

September 10, 2019

Update on Rural Housing Audits for 2019 As many of you know, Rural Development (RD) issued an Unnumbered Letter in February discussing the pending adoption of the their Audit Guide (Guide) for calendar year 2019. As of today, this Guide has not been issued. The lack of a published Guide […]

How ASU 2016-18 Will Impact Your Upcoming Audits

August 30, 2019

How ASU 2016-18 will Impact your Upcoming Audits With 2019 audit planning right around the corner, AHACPA wants to let you know of a significant change that will impact your audits. ASU 2016-18 is effective for fiscal years beginning after December 15, 2018. Accordingly, calendar 2019 year ends are required to […]

AHACPA Announces HUD 101 Webinar Course

August 7, 2019

New to HUD Audits? Just in time for Back to School… We are introducing our first ever HUD 101 course. AHACPA will be conducting a new webinar series for persons new to the HUD audit area.  This course will be an introduction to the required concepts for auditing HUD Projects. […]

RAD Conversions for Section 202 PRACs

March 12, 2019

Recently HUD emailed interested parties a notice of a proposed change to the existing RAD Notice. This draft notice is available here or a pdf copy can be downloaded here. The proposed change would allow Section 202 projects to convert to the RAD program. Although Section 4 is lengthy, AHACPA wishes to notify users about this […]

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