USDA Rural Development Housing Program Audit Services

Generally, all participants of USDA Rural Development Multifamily Housing programs must prepare annual financial reports in accordance with the USDA Rural Development guidelines. The financial reports must follow Government Auditing Standards. The reports must also be submitted to the regional USDA Rural Development offices for processing and also submitted electronically via the Multi-Family Information System (MFIS) within 90 days of their year-end for further review and potential inquiry.

Every year, the thousands of these USDA properties submit audited financial statements to the MFIS. USDA uses these submissions to assess the financial strength and regulatory compliance of each multifamily entity, as well as, track program funding. Relatively few CPAs are qualified and can audit USDA programs. USDA Multi-Family audits are complex, specialized and require certain specific disclosures. Our firm’s sole focus and area of practice on USDA Audits enables us to excel at performing these Audit services effectively and affordably.

Our Lead Auditors have a minimum of 25 years in the multifamily industry; our staff Auditors have a minimum of ten years in the field. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. We impart knowledge to avoid pitfalls that may affect you and your USDA organization. Let us demonstrate our skills in providing exceptional USDA Multi-Family audit services. We will help you comply with USDA requirements so you can avoid further regulatory scrutiny, penalties, sanctions and even termination from the USDA programs.