- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to HUD Audits - Course 3 - Compliance Auditing (HUDTG173)
Identify the authoritative literature and key terms that apply to HUD audits, specific elements of certain pieces of authoritative literature (such as AU-C 935) that relate to HUD compliance audits, and elements of the current compliance environment.
Determine responsibility for laws, regulations, and other matters and identify compliance requirements.
Determine appropriate methods for considering internal control over compliance, auditing compliance with compliance requirements, and using the HUD audit guide.
Identify specific compliance requirements that are applicable to for-profit HUD-assisted projects.
Recognize how to summarize and evaluate the results of compliance tests and report on compliance, questioned costs, fraud, and equity skimming.
Identify methods for using audit sampling in tests of internal control over compliance and substantive tests of compliance with laws and regulations.
Identify special considerations that affect audits of nonprofit HUD-assisted entities.
Lesson 1—The Compliance Environment, Laws and Regulations, and Identifying Compliance Requirements
Lesson 2—Internal Control over Compliance, Auditing Whether the Entity Complied with Compliance Requirements, and Compliance Requirements that Apply to For-profit HUD-assisted Projects
Lesson 3—Results of Compliance Tests; Reporting on Compliance, Questioned Costs, Fraud, and Equity Skimming; Audit Sampling; and Considerations that Affect Nonprofit HUD-assisted Entities