Not only does this valuable resource simplify the new clarity standards, but it also helps increase the effectiveness and efficiency of practitioners specializing in HUD audits
CCH’s Knowledge-Based Audits of Housing and Urban Development Programs, its latest title for conducting audits of HUD program participants in accordance with professional standards, is now available on Accounting Research Manager (ARM). The title comes with an accompanying guide as well as a thorough toolset entitled, Knowledge-Based Audit Methodology: HUD Programs, which is based on CCH’s Knowledge-Based AuditTM (KBA) methodology. CCH, a Wolters Kluwer business is a leading global provider of tax, accounting and audit information, software and services ( CCHGroup.com).
All three components provide expert guidance on HUD multifamily housing programs – one of the most frequent engagement topics of professionals who perform HUD and low-income housing complex audits. Each item is also compliant with the new clarified auditing standards issued by the AICPA and are also available on ProSystem fx® Knowledge Coach and IntelliConnect®.
“CCH’s KBA HUD title, guide and toolset are the most comprehensive, scalable and robust industry resources available, offering step-by-step guidance and clear explanations for complying with AICPA and HUD auditing standards,” said Rachel Mavrak, CCH Product Line Manager. “Not only does this valuable resource simplify the new clarity standards, but it also helps increase the effectiveness and efficiency of practitioners specializing in HUD audits.”
The Knowledge-Based Audit Methodology: HUD Programs toolset contains detailed coverage of both the financial statement and compliance portions of the following HUD engagements:
- HUD Multifamily Housing Programs;
- HUD Multifamily Hospital Programs;
- Insured Development Cost Certifications;
- Ginnie Mae Issuers of Mortgage-Backed Securities;
- HUD-Approved Title II Nonsupervised Mortgagees and Loan Correspondents; and
- HUD-Approved Title I Nonsupervised Lenders and Loan Correspondents.
Additional CCH Clarified Title: Commercial Entities
CCH’s new KBA HUD title follows the recent release of Knowledge-Based Audits of Commercial Entities and the accompanying toolset, Knowledge-Based Audit Methodology: Commercial Entities. The commercial entity publications are also based on CCH’s Knowledge-Based Audit methodology and are available through ProSystem fx Knowledge Coach, ARM and IntelliConnect.
Effective Date, Additional Clarified Titles
New auditing standards for audits of financial statements went into effect for periods ending on December 15, 2012 and thereafter. CCH plans to issue additional titles, guidance and tools covering other industries impacted by AICPA clarity standards.
For More Information
To learn more about the new CCH clarified title, guide and toolset for Knowledge-Based Audits of Housing and Urban Development Programs – available on ARM, ProSystem fx® Knowledge Coach and IntelliConnect – and how CCH can help audit professionals prepare for the clarity changes, please call a CCH Sales representative at 1-800-PFX-9998 (1-800-739-9998) or visit CCHGroup.com/clarity.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business ( CCHGroup.com) is the leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Follow us now on Twitter @CCHMediaHelp. Wolters Kluwer ( www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.