AUDITING MFP PARTICIPANTS.

• Position: Multi-family housing program - Brief Article

Auditors of Multi Family Housing Program participants should be aware of changes in HUD rules that now require a separate agreed upon procedures engagement to be performed.

In this engagement, an auditor would compare financial data entered in the REAC staging database to their hard copy of audited information. The submission also must include the auditor's unique ID number which is obtained from HUD. For more information, go to the HUD Web site at: http://www.hud.gov/reac/products/ prodmf.html.

Practitioners also may access auditing information from the Affordable...