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BJECT: Multi-location Review of HUD s Utilization of the Public Housing Assessment System We completed a multi-location review to evaluate HUD s Utilization of the Public Housing Assessment System (PHAS). Altogether, we reviewed related operations at 10 Public and Indian Housing Hubs, Program and Community Service Centers, and 32 Public Housing Authorities. Generally, we found HUD staff has been using the PHAS scoring results in monitoring its Authority portfolio and in assisting Authoriti.
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Oig FAQ
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CHUMS: HUD's Computerized Homes Underwriting Management System used for processing single family mortgage insurance applications from initial receipt through endorsement.
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What is HUD Audits? HUD audits refer to audits performed on housing programs and activities funded by the U.S. Department of Housing and Urban Development (HUD). These audits are done to ensure compliance with federal regulations, proper use of funds, and effective program management.
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What Is the Department of Housing and Urban Development? Created as part of President Lyndon B. Johnson's War on Poverty, the Department of Housing and Urban Development (HUD) was established as a Cabinet Department by the Department of Housing and Urban Development Act (42 U.S.C.
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What are the Yellow Book CPE requirements? To maintain compliance with Yellow Book CPE requirements, auditors are required to complete 80 hours of CPE every two years. Of those 80 hours, a minimum of 20 hours should be completed in each year (meaning auditors shouldn't try to get all 80 hours in the same year).
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HUD requires Borrowers to submit audited financial statements each year to the Mortgagee/Servicer and to HUD. HUD analyzes these financial statements to assess compliance with program requirements, to evaluate the financial strength of the Borrower, and for many other purposes.
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The primary purpose of this document is to define HUD's role and responsibility in ensuring Single Audit Act (SAA) compliance with mandated requirements and responsibilities outlined in the Office of Management and Budget's (OMB) Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative ...
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A written letter of engagement between the auditee and the auditor is required and must contain the following mandatory information: 1. That the audit is to be performed in ance with GAAS; GAGAS; and the current version of HUD's audit guide, HUD Handbook 2000.04. 2.
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HUD and HUD OIG's role in Single Audits HUD ensures management decisions and corrective action plans are documented.
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