- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course looks at issues related to compliance auditing for HUD entities. Lesson 1 discusses the authoritative literature that applies to this type of audit; the current compliance environment; and the responsibility for laws, regulations, and other matters that affect this type of engagement. Lesson 2 takes a look at issues related to compliance requirements, including identifying such requirements and auditing compliance with them. Finally, Lesson 3 covers reporting and auditing issues in this type of engagement, such as reporting on compliance and audit sampling.
Course Expiration Date: November 30, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify important aspects of the authoritative literature that applies to HUD compliance audits and the current compliance environment.
Determine the auditor’s responsibility for laws, regulations and other matters in a HUD compliance audit.
Identify the compliance requirements that apply to a HUD-assisted entity.
Recognize specific compliance requirements that apply to for-profit HUD-assisted projects.
Recognize issues related to compliance reports.
Determine how audit sampling may be used in tests of internal control over compliance and tests of compliance with laws and regulations.
Identify special considerations that may apply when performing a compliance audit for a nonprofit HUD-assisted entity.
Lesson 1—Authoritative Literature; the Current Compliance Environment; and Responsibility for Laws, Regulations, and Other Matters
Lesson 2—Compliance Requirements and Related Considerations
Lesson 3—Reporting and Auditing Considerations