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

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.