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We are initiating an audit of HUD’s (HUD proper, Ginnie Mae, FHA) inactive obligations. The objective of our audit is to identify and evaluate HUD’s inactive obligations to determine if they are still needed for the purposes intended, and if not, assess gaps in controls that prevented earlier deobligation.
HUD did not comply with PIIA because it did not report compliant improper and unknown payment estimates for the Office of Public and Indian Housing’s Tenant-Based Rental Assistance (PIH-TBRA) program and the Office of Multifamily Housing Programs’ Project-Based Rental Assistance (MF-PBRA) program. These were HUD’s two largest program expenditures, totaling more than $50 billion in fiscal year 2024. This noncompliance is significant because this is the eighth consecutive year in which HUD has been unable to produce PIH-TBRA and MF-PBRA improper and unknown paym
To determine whether all the unexpended obligations of HUD are valid and meet funding guidelines, the Office of the Chief Financial Officer (OCFO) coordinates annually an Open Obligation Review (OOR) of all program and administrative funds. This review determines which funds are still needed and certifies to Treasury that the funds remaining in its obligation balance at the end of the fiscal year represent future obligations for the department. Historically, HUD OIG has audited the OOR as part of the annual financial statement audit.
HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual HUD financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether HUD’s fiscal year 2025 financial statements are fairly presented and adequatelydisclosed, in all material respects, in accordance with U.S.
HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual FHA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether FHA’s fiscal year 2025 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
HUD OIG has contracted with an Independent Public Accounting (IPA) firm toconduct the annual GNMA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether GNMA’s fiscal year 2025 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
We contracted with the independent public accounting firm of Sikich CPA LLC to audit the financial statements of HUD as of and for the fiscal years ending September 30, 2024 and 2023, and to provide reports on HUD’s (1) internal control over financial reporting and (2) compliance with laws, regulations, contracts, and grant agreements and other matters, including whether financial management systems complied substantially with the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA). Our contract with Sikich required that the audit be performed
We contracted with the independent public accounting firm Sikich CPA LLC to audit the financial statements of Ginnie Mae as of and for the years ending September 30, 2024 and 2023, and to provide reports on Ginnie Mae’s (1) internal control over financial reporting and (2) compliance with laws, regulations, contracts, and grant agreements and other matters. Our contract with Sikich required that the audit be performed in accordance with U.S.
We contracted with the independent public accounting firm of Sikich CPA LLC to audit the financial statements of FHA as of and for the fiscal years ending September 30, 2024 and 2023, and to provide reports on FHA’s (1) internal control over financial reporting and (2) compliance with laws, regulations, contracts, and grant agreements and other matters. Our contract with Sikich required that the audit be performed in accordance with U.S.
HUD OIG is auditing HUD's compliance with the Payment Integrity Information Act of 2019 (PIIA) for fiscal year 2024. PIIA helps agencies identify improper payments, which could impact HUD’s beneficiaries and ultimately undermines the integrity of HUD’s programs, which hinders HUD in fully achieving its mission. Our objectives are to assess (1) whether HUD has met all requirements of PIIA for fiscal year 2024 and OMB Circular A-123 Appendix C (M-21-19), and (2) HUD’s efforts to prevent and reduce improper and unknown payments.
