Ensuring Compliance. Maximizing Confidence.
Our professionals specialize in serving a wide spectrum of housing entities, including:
Privately-Owned Multifamily housing projects
Non-profit multifamily housing projects
Investors and Syndicators in HUD-assisted Housing
HUD-insured mortgages for leased nursing homes
HUD-regulated property managers
developers utilizing hud financing
lenders and financial institutions with hud-backed portfolios
HUD Audits for Multifamily Owners, Investors & Non-Profit Housing Operators
Privately held and non-profit entities participating in HUD-assisted programs face unique regulatory and financial reporting requirements. HUD mandates a two-part audit, a financial statement audit and a compliance audit, governed by the HUD Consolidated Audit Guide and HUD’s specific reporting standards. For non-profits, this often includes the additional rigor of OMB Uniform Guidance (Single Audit) requirements.
These rules can be complex to navigate, especially for organizations balancing investor expectations, mission-driven goals, lender requirements, and operational demands. Working with a CPA firm that understands this environment ensures accuracy, compliance, and confidence in your reporting.
Comprehensive HUD Audit Services
The professionals at Mauldin & Jenkins prepare and audit financial statements in accordance with GAAS standards, ensuring all HUD-required disclosures and accounting treatments are properly addressed. Our services include:
Financial Statement Audits
We prepare and audit statements, ensuring all HUD-required disclosures and accounting treatments are properly addressed.
HUD Program Compliance Audits
Our team conducts full compliance testing, tenant eligibility, rent calculations, occupancy, reserves, capital expenditures, surplus cash, management certifications, and more, consistent with the latest HUD Consolidated Audit Guide.
Â
NFP & Single Audit Expertise
For Not-for-Profit (NFP) providers, obligations often extend beyond those of for-profit providers. We understand the unique intersection of mission-driven housing and federal oversight, ensuring your organization satisfies its fiduciary duties to board members and stakeholders while meeting all dual regulatory mandates.
Internal Controls & Risk Assessment
We evaluate internal controls surrounding revenue, expenses, tenant files, distributions, and regulatory compliance to identify gaps and reduce the risk of findings.
Pre-Audit Readiness & Advisory
From tenant files to supporting documentation for REAC submissions, we help streamline your audit preparation and minimize disruptions to daily operations.
Â
Stakeholder-Ready Financial Reporting
We prepare clear, timely audit reports tailored for owners, property managers, investors, boards of directors, lenders, and syndicators.
Â
Why Organizations Choose Us
Our professionals work extensively with multifamily housing operators and HUD-regulated entities, giving us insight into the details that matter most for compliance and investor-grade reporting.
Deep HUD & Multifamily Experience
We offer insight into the nuances that matter most for compliance, non-profit regulatory organizations, and investor-grade reporting.
Audit Approach Designed for Speed & Clarity
We deliver efficient, deadline-driven audit processes that reduce surprises and keep your project, funding, and reporting on track.
Proactive Compliance Guidance
We identify issues early, offer practical recommendations, and help strengthen internal processes to stabilize compliance even as HUD requirements evolve.
Transparent Communication & Clear Deliverables
You receive well-organized reports, access to knowledgeable professionals, and timely responses throughout every stage of the engagement.
Â
Our Audit Process: Efficiency & Accuracy
We don’t just check boxes; we follow a structured process to ensure your reporting is accurate and compliant.
Initial Assessment
We review the structure of your housing project, applicable HUD programs, financing arrangements, grant requirements, and reporting requirements.
Document Preparation Support
We assist in gathering the necessary financial records, tenant documentation, reserve account details, insurance requirements, and regulatory filings.
Audit Fieldwork
Our professionals perform the financial statement audit and compliance testing required under the HUD Audit Guide and Uniform Guidance, where applicable.
Â
Internal Control Review
We evaluate controls over tenant eligibility, rent calculations, financial reporting, and program compliance.
Final Reporting & HUD Submissions
We deliver audited financial statements, HUD-compliant schedules, and support with required filings.
Â
Â
Ongoing Advisory
After the audit is complete, we remain available to help interpret results and advise on improvements for future reporting cycles.
Â
Strengthen Your HUD Compliance & Reporting
Whether you’re operating a single multifamily property, a non-profit community, or managing a portfolio, our team provides the expertise and clarity needed to navigate HUD audit requirements with confidence.
Reach out today to learn how we can support your HUD audit needs.
