Rural Development Questions

  • Audit of RD properties

    I've not performed an audit on a RD property. A local auditor is no longer performing audits due to wanting…

  • RD Section 538 GRRHP Audit

    We are engaged to audit a for profit entity with an RD Section 538 guaranteed loan.  HB-1-3565 is the ruling…

  • RD Accrual to Cash

    We have been requested to provide an accrual to cash in the supplemental data of an RD audit. We noticed…

  • RD – NPO Entity and written policies under UG

    Hi Les, I have a client - NPO - that received a new MPR last year. It has been my…

  • RD Engagement Letter

    I'm looking at the Rural Development Engagement letter and have across the following in the first paragraph, "Reporting requirements for…

  • Settlement Agreement and Distributions

    I have a client with Rural Development projects. One of the projects has reached a settlement with the government on…

  • RD Single Audit

    If one federal ID # has multiple Rural Development projects I am understanding I combine them for one audit.  How…

  • Rural Housing Supplemental Information

    Les, Since the new RD guidelines issued in November 2019 require supplemental information to include the 3560-7 and 3560-10 reports,…

  • Rd Fin 2100

    We have requested this form with our annual confirmation requests to the RD offices and have received Form FIN 2100…

  • New RD Suggested Audit Procedures

    The suggested audit procedures included in Attachment 4-J of the updated Chapter 4 of RD Handbook HB-2-3560 asks us to…

  • Discrepancy in RD Audit Guide

    I noticed that the final version of the HB-2-3560 Chapter 4 lists an "Accrual to Cash Schedule" as supplemental information…

  • Rural Development audits

    Our firm signed up for the AHACPA membership today (The ZLC Group, CPAs, LLC. We audit five partnerships that each…

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