Affordable Housing Association of Certified Public Accountants

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FHA Recertification Changes - Final Rule

Tuesday, April 20, 2010 - 10:34 AM

The final rule has been released. A copy can be found here.

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PHA Electronic Submission Deadline Extension

Friday, March 26, 2010 - 2:06 PM

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Multifamily Electronic Submission Deadline Extended

Monday, March 22, 2010 - 10:39 AM

Today HUD announced a blanket 30 day extension for Multifamily projects with a 12/31/2009 year end. The announcement can be viewed by visiting http://www.hud.gov/offices/reac/products/prodmf.cfm

Due to HUD infrastructure performance problems, MF property owners have experienced difficulties submitting their financial statements due on March 30, 2010 (for owners with a fiscal year end of 12/31). The Office of Multifamily Housing Programs, Office of Asset Management, has authorized

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FHA Electronic Submission Deadline Extension

Friday, March 19, 2010 - 8:12 PM

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Audit Engagement Letter Templates

Thursday, March 11, 2010 - 10:44 AM

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

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FASS-PHA Performance Issues

Thursday, March 11, 2010 - 10:43 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

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FHA Recertification Changes - No News Yet

Thursday, March 11, 2010 - 10:43 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

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Message from HUD re: Annual Electronic Filing

Thursday, March 11, 2010 - 10:42 AM

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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

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