HUD Information: HUD Consolidated Audit Guide
The purpose of this Guide is to assist independent auditors in performing program-specific audits of participants in selected HUD Housing and Ginnie Mae programs. The auditees that generally are audited under this Guide are for-profit entities (note that not-for-profit and governmental organizations that participate in HUD housing programs would fall under the requirements of the Single Audit Act and OMB Uniform Guidance and not this Guide).
Audits under the Guide must also be performed in accordance with the standards for financial audits in Government Auditing Standards, issued by the Comptroller General of the United States. The objectives of a HUD program-specific audit under the Guide are to assist the program managers in HUD in determining whether the auditee has: (a) provided financial data and reports that can be relied upon; (b) internal control in place to provide reasonable assurance that it is managing HUD programs in compliance with applicable laws and regulations; and (c) complied with the terms and conditions of federal awards and guarantees, and thus expended federal funds properly and with supporting documentation.
The HUD OIG continues to work on a revision of the Consolidated Audit Guide . The revised guide is being issued on a chapter-by-chapter basis. We will continue to keep members informed of HUD's progress. Below is a list of the status of each chapter.
| Description | Updated | Effective | |
| 1 | Transmittal Letter | 5/2013 | Periods ending on or after |
| 1 | 5/2013 | See Above | |
| 2 | Transmittal Letter - Change 15 | 3/2013 | Periods ending on or after March 31, 2013 |
| 2 | Transmittal Letter | 1/2013 | Periods ending on or after March 31, 2013 |
| 2 | Reporting Requirements and Sample Reports | 1/2013 | Periods ending on or after March 31, 2013 |
| 3 | 7/21/2008 | 12/31/2008 | |
| 4 |
| 9/2014 | Periods ending on or after December 31, 2014 |
| 4 | 9/2014 | Periods ending on or after December 31, 2014 | |
| 5 | 3/23/2007 | 6/30/2007 | |
| 5 | 3/23/2007 | 6/30/2007 | |
| 6 | Transmittal Letter | 2/2016 | Effective upon issuance |
| 6 | Ginnie Mae Issuers of Mortgage-Backed Securities Audit Guidance
| 2/2016 | Effective upon issuance |
| 7 | 5/2014 | Effective upon issuance | |
| 7 | FHA-Approved Lenders Audit Guidance | 5/2014 | Effective upon issuance |
| 7 | Mortgage Letter 2012-29 Interim Reporting for Small Supervised Lenders and Mortgagees | 12/21/2012 | Effective upon issuance |
