Auditor Non Compliance Code

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ID Status Date Public/Private Industry AHACPA Contact
#15245 Closed public Multifamily _General Support
Customer Reply

I am completing the schedule of Findings, Questioned Costs, and Recommendations. For S2700-055, Non Compliance Information, the HUD chart of accounts states (Permitted values for this account are listed in a drop down box. How can I find the list in the drop down box?
Kathy Christensen

The options for Auditor Non-compliance codes are:

  • A. Unauthorized withdrawals from replacement reserve account
  • B. Failure to make required residual receipts deposits
  • C. Unauthorized withdrawals from residual receipts account
  • D. Commingling of funds
  • E. Unauthorized change in ownership
  • F. Acquisition of liabilities (encumbering project assets)
  • G. Unauthorized loans from project funds
  • H. Unauthorized distribution of project assets
  • I. Failure to maintain property/open physical inspection(s).
  • J. Unauthorized Management Fees
  • L. Failure to remit Excess Rents for Section 236 Projects
  • M. Security Deposits
  • N. Reserve for Replacements Deposits
  • O. Investment of Reserve for Replacements
  • P. Investment of Residual Receipts
  • Q. Failure to Make Mortgage Payments
  • R. Section 8 Program Admin.
  • S. Internal Control Deficiencies
  • T. Disposal of Assets
  • U. Overpayment of Incentive Performance Fee (M2M)
  • V. Underpayment of Mtg Restructuring Note (M2M 2nd Mtg
  • Z. Other

A full HUD Chart of Accounts with all of the drop downs can be downloaded here:

HUD Multifamily Chart of Accounts (COA)
Customer Reply

Thank you so much!

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