As part of the validation process for CPD’s accrued grant liabilities, review CPD’s accrued grant liabilities estimation methodology to ensure that it is based on verifiable grantee supporting documentation and all assumptions and variables used for the grant accrual estimate were properly established, supported, and documented.
2023-FO-0004 | Noviembre 17, 2022
Audit of HUD’s Fiscal Years 2022 and 2021 Financial Statements
Chief Financial Officer
- Status2023-FO-0004-001-GOpenClosedClosed on Julio 11, 2024
- Status2023-FO-0004-003-AOpenClosedClosed on Marzo 14, 2024
Establish a formal policy addressing HUD’s federal awarding agency responsibilities under 2 CFR § 200.513(c). The policy should identify those involved in the process and their roles in addressing this single audit oversight function. The policy should also address how it will be carried out and documented.
2023-FO-0003 | Noviembre 16, 2022
Audit of FHA’s Fiscal Years 2022 and 2021 Financial Statements
Housing
- Status2023-FO-0003-001-AOpenClosedClosed on Agosto 02, 2023
Establish change management and periodic reviews of control activities to ensure regulatory changes, such as Fiscal Service updates to the USSGL, are identified, analyzed, and assessed for potential needed changes to FHA’s established processes.
- Status2023-FO-0003-001-BOpenClosedClosed on Agosto 03, 2023
Establish and ensure appropriate and effective communication protocols between OFAR, FHA, and HUD’s Office of Budget to ensure (1) funding type is clearly indicated within the SF 132 and clear communications are made in differentiating between definite and indefinite borrowing authority, (2) legislative changes in FHA’s borrowing authority are vetted with OMB to ensure appropriate treatment, and (3) – draft SF-133s are reviewed and vetted with HUD and FHA’s budget officers prior to OFAR’s finalization with Treasury and OMB.
- Status2023-FO-0003-001-COpenClosedClosed on Junio 07, 2023
Establish internal control procedures around the borrowings process to include verifying sufficient borrowing authority exists within the SF 132, prior to executing the borrowing request. Such verification should also be included as part of the borrowing review and approval controls.
- Status2023-FO-0003-001-DOpenClosedClosed on Septiembre 27, 2023
Receive a final opinion from HUD’s Office of the Chief Financial Officer’s Appropriation Law Division on whether FHA was in violation of the Antideficiency Act.
- Status2023-FO-0003-001-EOpenClosedClosed on Agosto 10, 2023
Implement procedures to enhance the review of all journal entries recorded in the general ledger by requiring a two-level review that includes the review of source documents for the journal entry (for example, the OMB approved SF 132).
- Status2023-FO-0003-001-FOpenClosedClosed on Junio 07, 2023
Strengthen controls over the preparation of the SF 132 to the SF 133 reconciliation by preparing such reconciliations (1) first, with the unadjusted trial balance and later, with the adjusted trial balance and (2) at the fund level, with detailed documentation of differences, and with sufficient detailed explanations that describe the general ledger impact of the differences.
- Status2023-FO-0003-001-GOpenClosedClosed on Junio 07, 2023
Perform a thorough review of the SF 132 to SF 133 reconciliations and work with Financial Analysis and Controls Division and other divisions and groups to resolve material reconciling items timely.
- Status2023-FO-0003-001-HOpenClosedClosed on Agosto 01, 2024
Coordinate with the Deputy Assistant Secretary for Single Family Housing and HUD’s Office of the Chief Procurement Office (OCPO) in developing effective communication channels between FHA’s NSC and OFAR, and in developing effective monitoring controls to ensure the timely identification and remediation of issues, such as unprocessed documentation and inaccurate records, which may impact the balances reported within FHA’s financial statements.
- Status2023-FO-0003-001-IOpenClosedClosed on Agosto 01, 2024
Develop effective detective controls to ensure HECM loan receivables are accurate and complete, exist, and FHA appropriately holds or controls the rights to any collateral property in connection with the receivable.
- Status2023-FO-0003-001-JOpenClosedClosed on Septiembre 29, 2023
Develop and implement procedures to review the reasonableness of the amounts included in the Missing Documents Report before recording the reclassification entry. Include steps to be followed if the amounts in the report do not appear reasonable.
- Status2023-FO-0003-001-KOpenClosedClosed on Septiembre 27, 2023
Coordinate with the NSC to take all the actions necessary required by HUD Handbook 4000.1 to ensure that FHA’s interests are protected with respect to the partial claims for which FHA has not received the original promissory note and recorded mortgage.
- Status2023-FO-0003-001-LOpenClosedClosed on Septiembre 29, 2023
Coordinate with the NSC to conduct a detailed review of the HECM assigned notes portfolio to identify and record all default events that have occurred to date and initiate collection proceedings in accordance with the applicable HUD Handbooks.
- Status2023-FO-0003-001-MOpenClosedClosed on Mayo 30, 2024
Coordinate with the NSC and the OCPO to determine whether the information technology system could be enhanced to track the annual payment of state property taxes for the HECM portfolio.
2021-OE-0008 | Noviembre 15, 2022
Fair Housing and Equal Opportunity’s Oversight of Fair Housing Enforcement Agencies
Fair Housing and Equal Opportunity
- Status2021-OE-0008-01OpenClosedClosed on Enero 03, 2024
Provide more detailed guidance to HUD reviewers on benchmarks for each performance standard.
- Status2021-OE-0008-02OpenClosedClosed on Enero 03, 2024
Update the PAR template to ensure that HUD reviewers include required information.
- Status2021-OE-0008-03OpenClosedClosed on Octubre 04, 2023
Assess HUD reviewers’ skills and readiness to determine the appropriate frequency of training.
- Status2021-OE-0008-04OpenClosedClosed on Enero 03, 2024
Provide more detailed guidance to HUD reviewers and FHEO regional directors on when and under what circumstances to recommend or issue a PIP.
2023-BO-0001 | Noviembre 04, 2022
HUD and FHAP Agencies Can Better Document Decisions Not To Investigate Fair Housing Complaints
Fair Housing and Equal Opportunity
- Status2023-BO-0001-001-AOpenClosedClosed on Marzo 27, 2024
Update HUD Handbook 8024.01, REV-2, and regional intake policies and procedures as necessary to include (1) minimum requirements that all regions follow for documenting in HEMS attempts to reach out to claimants when additional information is needed before closing inquiries; (2) policies and procedures for collecting, recording, and documenting all relevant electronic intake information in HEMS; and (3) clarifying that communications with claimants regarding inquiry closure, requests for additional information, and notices of jurisdiction information clearly inform the claimant of the ability to provide additional information within the statute of limitations.