FY 2020 FISMA
The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.
FY 2020 FISMA
The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.
FY 2020 FISMA
The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.
The HUD Single Family Insurance Operations Division Should Take Additional Action to Inform Homeowners of Changes to Its FHA Refund Process Resulting From the COVID-19 Pandemic
Adequately notify homeowners that, due to COVID-19, all FHA refund applications and supporting documents should be sent electronically to avoid delay in processing. This process should include (1) developing and expediting implementation of correspondence sent to homeowners with the application, (2) a notice of operational changes on HUD’s FHA refunds websites, (3) ensuring that HUD’s Does HUD Owe You a Refund website is updated to the most…
The HUD Single Family Insurance Operations Division Should Take Additional Action to Inform Homeowners of Changes to Its FHA Refund Process Resulting From the COVID-19 Pandemic
Conduct a privacy impact assessment for accepting homeowner FHA refund applications and supporting documentation that contain PII electronically to identify potential risks and develop and implement plans to mitigate those risks.
The HUD Single Family Insurance Operations Division Should Take Additional Action to Inform Homeowners of Changes to Its FHA Refund Process Resulting From the COVID-19 Pandemic
Develop and implement written policies and procedures for SFIOD to quickly respond to emergency situations when staff cannot return to the office. Procedures should include steps to quickly notify homeowners of any changes made to the FHA refund process.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Prepare a white paper regarding the accounting treatment for each type of funding disbursed under the HCVP, to include a comparison of the qualities the funding embodies against the qualities that are necessary for it to be considered a prepayment versus an expense according to generally accepted accounting principles. The Chief Financial Officer should work with PIH to gather the information necessary to complete this analysis and have PIH…
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Develop and implement a policy that requires OCFO to review all new program notices, new regulations, and new types of funding and evaluate each against the accounting standards and current accounting treatment (as documented in white papers or other forms) to determine whether OCFO’s treatment complies with generally accepted accounting principles and if not, propose changes. The policy should include formal designation of roles and…
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Once additional data are available, and at least quarterly, reduce the CARES Act PIH prepayment by the amount actually spent by PHAs or an estimated amount with a low level of estimation uncertainty.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
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.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Research the survey responses that resulted in a positive cash on hand balance to determine whether a cash advance exists. If so, the Chief Financial Officer should coordinate with CPD to (1) determine whether the grantees have proper documentation and approvals allowing for cash advances and (2) develop and implement procedures to estimate and account for cash advances for financial reporting purposes.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Investigate other methods for validating CPD’s accrued grant liabilities estimate, including the use of other sampling units, which could provide additional relevant information that can be used to produce more reasonable results and reduce estimation uncertainty to a low level.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Work with the Director of the Office of Multifamily Asset Management and Portfolio Oversight to ensure that all debt owed to HUD is identified, accurately reported in HUD’s financial records, and properly monitored to ensure compliance with applicable laws and regulations.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Reevaluate and adequately document justification for the establishment of the percentages and other key assumptions used to determine the accrual amount for each program in CPD’s accrued grant liabilities estimate.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Implement the requirements of HUD’s current Debt Collection Handbook, to
include (1) assigning a program office manager, (2) developing and implementing
debt collection standard operating procedures, (3) designating program action
officials, and (4) ensuring that program action officials are trained and perform
debt collection duties in a timely manner in accordance with the Debt Collection
Handbook; HUD Handbook 2000.06, REV-4, Audits…
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Review all executed repayment agreements in HUD’s Tenant Rental Assistance Certification System (TRACS) to determine which repayment agreements have not been fully repaid and represent an amount owed to HUD and work with OCFO to record these receivables.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Include a field in TRACS to identify which repayment agreements represent an amount owed to HUD and implement controls to ensure the accuracy of the listing in TRACS.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Develop and implement controls to track and enforce repayments owed to HUD to ensure that owners are not delinquent on their repayment agreements.
Audit of HUD's Fiscal Year 2020 Consolidated Financial Statements
Ensure that OCFO has the data it needs to record a reasonable PIH prepayment
estimate related to supplemental pandemic funding in fiscal year 2021 and beyond
if additional funding is provided.
Fiscal Year 2019 Review of Information Systems Controls in Support of the Financial Statements Audit
The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.