| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #12033 | Closed | public | Multifamily | Les Sparks |
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I have a Section 8 client with a 202 loan. They did not make their surplus cash deposit into residual receipts from last year, the deposit was made today as i am drafting their current year report. Do i have to qualify my regular audit opinion? Do i have a finding for Internal Control report? Do i have a finding for Compliance for the major program? Do i record the deposit required as a liability in calculating this year’s surplus cash?
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Laura, there are several questions included below. I will work through them each from your original email.
Les Sparks AHACPA (801) 547-0809
From: AHACPA Support <support@ahacpa.org> |
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I think you have recorded it correctly.
Les Sparks AHACPA (801) 547-0809
From: AHACPA Support <support@ahacpa.org> |