Opportunities To Improve Audit Operations, Department of Housing and Urban Development

FGMSD-76-83: Published: Oct 19, 1976. Publicly Released: Oct 19, 1976.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Audit coverage of Department of Housing and Urban Development (HUD) grant programs in Washington and Oregon during fiscal years 1974-1976 was reviewed in terms of the Accounting and Auditing Act of 1950. This Act requires the head of each executive agency to establish and maintain appropriate audit capability to provide effective control over funds, property, and other assets. HUD audits had been made on about 95 percent of the categorical grant programs.

There are several areas in which HUD could improve its procedures and thereby provide for more efficient and effective audits of financial records and compliance with applicable laws and regulations. Better procedures are needed to insure that periodic audits are made under the community development block grant program. Emphasis should be placed on eliminating duplicate audit requirements and procedures. The reporting system on open audit findings needs improvement.

Jul 13, 2016

Jun 8, 2016

May 31, 2016

May 2, 2016

Jan 8, 2016

Sep 15, 2015

Jul 23, 2015

Jul 10, 2015

Jul 6, 2015

May 19, 2015

Looking for more? Browse all our products here