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March, 2010
February, 2010
January, 2010

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FHA Recertification Changes - No News Yet
Wednesday, March 03, 2010 - 11:37 AM
On Monday, March 1st, we were expecting to see a new federal register with the final rule for FHA recertifcation changes.  We have yet to see that final rule.  We will send out an email when we get any updates.  In the mean time you can visit the links listed below:

You can view the Federal Register for the NEXT DAY by going to http://www.archives.gov/federal-register/public-inspection/

You can view the Federal Register issued today by going to
FASS-PHA Performance Issues
Friday, February 26, 2010 - 10:51 AM
http://www.hud.gov/offices/reac/products/prodpha.cfm

System performance issues have been identified with Secure Systems. Accordingly, public housing agencies (PHAs), including Section 8 only PHAs, with fiscal year ends of 6/30/2009, 9/30/2009 and 12/31/2009 that have experienced or are experiencing significant system delays during the unaudited and audited submission process will not be penalized or receive a Public Housing Assessment System (PHAS) penalty.

The revised due date for financial
Audit Engagement Letter Templates
Wednesday, February 10, 2010 - 2:31 PM
Updated Audit engagement letters have been posted on our templates page.  At this time we only have updated Audit Engagement Letters for Profit Motivated Entities and FHA Lender Entities.

http://www.ahacpa.org/ahacpadocs/templates/fha/lender engagement letter.doc

http://www.ahacpa.org/ahacpadocs/templates/mf/pm engagement letter.doc
Revised Reports for SAS115
Tuesday, January 26, 2010 - 6:00 PM
George Datto from OIG has forwarded a copy of the Transmittal letter for Handbook No: 2004.04, REV-2, CHG-8 for Chapter 2, Example B, and a copy of Example B: "Independent Auditor's Report on Internal Control Combined Report Applicable to Internal Control over Financial Reporting Based on an Audit of Financial Statements and Internal Control over Compliance for HUD-Assisted Programs No Material Weaknesses, No Significant Deficiencies Identified".

We will have Example B converted to MS Word and
New AHACPA Website
Friday, January 22, 2010 - 2:44 PM
Our website has been frequently hacked in the past year.  We are in the process of moving it over to a more secure service.  In the meantime, if you need anything please email info@ahacpa.org and we will help you out.
Letter from FHA regarding Electronic Filing of December 2009 Financials
Friday, January 22, 2010 - 2:43 PM
ATTN:  FHA ANNUAL RECERTIFICATION REQUIREMENTS

Letter Date    : January 21, 2010


Pursuant to Mortgagee Letter 2009-25, all FHA-approved lenders must complete the entire Annual Renewal process online via the FHA Connection.  The annual renewal process includes completing the new online Annual Certification, remitting the annual renewal fee electronically via pay.gov, and submitting annual Audited Financial Statements via FHA's Lender Assessment Subsystem.  Completion
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