This course provides updates on the current HUD multifamily auditing and accounting environment. Topics include:

PART 1

• QASS Reviews and Non-Profit Audits
  • Clearing HUD's audit findings for single audits and issuing management decisions (This will likely impact the resolution of for-profit findings as well)
  • Development of Compliance Supplements
  • Reporting Findings
• HUD initiatives on Junk Fees

PART 2

• Introduction to the HUD Audit Guide Chapter 3
• Testing strategies
• Introduction to tenant file testing

WHO SHOULD ATTEND: Auditors, owners & managers of HUD-subsidized multifamily properties.

This two-part webinar series will introduce auditors and management company personnel to the basic concepts of providing subsidy to tenants. Topics will include:

1. Overview of Subsidy Process
2. HUD systems
   • RHIIP - Rental Housing Integrity Improvement Project
   • TRACS - Tenant Rental Assistance Certification System
   • MAT - Monthly Activity Transmission
   • Client software (brief discussion)
3. Related Guidance
   • HAP - Housing Assistance Payment
   • TSP - Tenant Selection Plan
   • AFHMP - Affirmative Fair Housing Marketing Plan
   • Section 504 - Rights to persons with disabilities
   • VAWA - Violence Against Women Act
   • Other (Grievance, Work Orders, etc.)
4. Rental Process
   • Key Documents
     • Application
     • Lease
     • Other policies
   • Application process
     • Screening
     • Preferences
     • Sex-offender and Criminal (Also covered in the application)
     • Waitlist
   • Determining Income, Rent and Deductions
   • Recertifications
   • Terminations
5. MORs (Management & Occupancy Review)
6. Audit Process
   • Sampling
   • Testing Strategies
   • Risk Assessment
   • Documentation
   • Findings

WHO SHOULD ATTEND: Auditors of Section 8 projects as well as management company personnel.

This two-part webinar series provides an introduction to the required concepts for auditing HUD Multifamily Projects. Topics include:

PART 1

• Introduction to HUD
• HUD programs
• Why are these audits performed?
• Basic audit report package contents and structure
• Impact and reporting under Government Auditing Standards
• Submitting financial data to REAC
• AICPA guidance on compliance audits
• HUD Audit Guide general requirements (Chapters 1 & 2)

WHO SHOULD ATTEND: Individuals new to the Multifamily HUD audit area.

WHO SHOULD ATTEND: Auditors, owners, managers, and other financial personnel of HUD-Approved Lenders.

This webinar is designed to give a program specific update related to the Section 232 program. A basic knowledge of the 232 program is recommended. Specific topics will include:

• Overall 232 monitoring by HUD
• Financing alternatives for potential cash-out refinances based on new debt seasoning guidance.
• PPP loans and program requirements (specifically implemented HUD financing documents)
• Lender risk assessment tools and their implications for auditors.

WHO SHOULD ATTEND: Auditors, owners & managers of Section 232 Leased Nursing Homes.

This Webinar will address the differences between a multifamily audit under the HUD Audit Guide versus one under Uniform Guidance. A basic knowledge of HUD audits is recommended. Specific topics will include:

• Basics of Uniform Guidance planning
• Applications of Compliance supplements
• Application of guidance where no compliance supplement is available. This is of particular interest for any NFP entity who has a HUD-insured mortgage, including how to apply the HUD Audit Guide
• Differences in reporting of findings and corrective action plans between the Guide and UG
• Required internal control over compliance testing
• Correlation of procedures between compliance and AFS testing
• Sampling strategies available for single audits

WHO SHOULD ATTEND: Auditors, owners & managers of HUD-subsidized multifamily properties.