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Report Fraud, Waste and Abuse
  • Recommendation Number: 2014-FO-0003-002-C
  • Status: Open
  • Date Issued: December 16, 2013

Implement a cost-effective method for automating the cash management process to include an electronic interface of transactions to the standard general ledger.

Publication Report

2014-FO-0003 | December 15, 2013

Additional Details To Supplement Our Report on HUD’s Fiscal Years 2013 and 2012 (Restated) Financial Statements

We are required to annually audit the consolidated financial statements of the U.S. Department of Housing and Urban Development (HUD) in accordance with the Chief Financial Officers Act of 1990 as amended. This report supplements our report on the… more

Related Recommendations

Chief Financial Officer

  •  
    Status
      Open
      Closed
    2014-FO-0003-002-E

    Review the cash management process to identify all financial events to be recognized in accordance with GAAP. Establish procedures to account for the cash management activity in a timely manner in compliance with GAAP.

  •  
    Status
      Open
      Closed
    2014-FO-0003-002-G

    Ensure that PIH’s automation of its cash management process complies with Federal financial management requirements.