IN THIS ISSUE:

• Revised Reports Posted to AHACPA Website 
• Changes to Chapter 2 of the HUD Audit Guide 
• REAC Reminds All Users to Get IDs and Passwords Reset Before March 
• Annual AHACPA PHA Conference Scheduled for June 18-19 in Las Vegas

With the recent release by the AICPA of official report examples for Government Auditing Standards and Circular A-133, AHACPA has posted revisions to its report templates.  Unfortunately, HUD report examples were not included in the
AICPA release.  However, AHACPA has adjusted our reports to be used for the Guide to conform to the reporting of A-133.  Although these are not the final reports, we believe they are closer to the reports previously available.  We have also included one marked version for each type of report to show the changes included.

• Click here for a copy of the reports in pdf format.
• AHACPA members can access reports in an editable word processing format by clicking here.  You will need your AHACPA member ID and password.

In a previous newsletter we reported that HUD released a revised Chapter 2 to the HUD Audit Guide. This release removed the requirement to issue the non-major and Fair Housing reports. This chapter also implements several changes to the reporting of findings and corrective action plans. Many practitioners have inquired regarding implementation of these requirements.  In short, do they need to implement the changes  for the findings and corrective action plan in order to eliminate the non-major and fair housing reports?  HUD OIG has not indicated any requirement to implement the findings and questioned cost requirements in order to eliminate the reports.  AHACPA recommends eliminating the non-major and fair housing reports.  These reports are not being updated for clarity. Accordingly, we have elected to not post these on our website.

Since the REAC website will not be updated for these changes by the March 31, 2013 deadline, we recommend that CPAs report all internal control findings in the internal control report section of the for-profit template.  Likewise all compliance findings, whether generated from the Yellowbook report or the major program report, will be reported under compliance in the current template.  Not-for-profit entities remain unaffected. We anticipate additional guidance to be issued by REAC before year end.

By March 31, 2013, over 35,000 HUD Business Partners - in our Multi-Family, Public Housing Authorities and Lender program areas - will submit annual financial statements through HUD's Secure Systems over the internet.

To help facilitate this year's filing, the Office of Public and Indian Housing Real Estate Assessment Center's Technical Assistance Center (TAC) is reaching out to insure that all filers have ACTIVE User IDs and CURRENT Passwords.   HUD

Secure Systems security protocol mandates that users must change Passwords every 90 days User ID's become inactive

requiring reactivation) after 90 days without logging on.

For many of HUD's electronic filers, this year's annual submission will be the first time since last year that they logged onto and used Secure Systems.  That means a significant number of filers will need to have their User IDs reactivated by the TAC, or have their passwords reset, before they can submit this year's financial statements. 

To allow the best customer service possible, all users with a 12/31 fiscal year end date are encouraged to submit their electronic filings as soon as possible.  Passwords can be reset in one of three ways;

1. When prompted by the system;
2. Under System Login, Password Reset at http://www.hud.gov/offices/reac/online/reasyst.cfm, from the side bar menu after logging into Secure Systems; or
3. By contacting the TAC by phone or email.

USER ID'S CAN ONLY BE REACTIVATED BY CONTACTING THE TAC BY PHONE OR EMAIL.

When contacting the TAC for User ID reactivation, users will be asked to verify Secure System information, which includes:

• User ID
• Mother's Maiden Name
• Last 4 Digits of Your Social Security Number

For more information regarding the latest updates to PIH-REAC Business Area products and security procedures, go to the following website:  

http://www.hud.gov/offices/reac/

The TAC operates between the hours of 7:00am to 8:30pm EST, Monday thru Friday. Please contact us at (1-888-245-4860) or E-mail us at REAC_TAC@hud.gov.

We are anticipating heavy call volumes during this activation period. The suggested times to contact the TAC for User ID and Password activations are 7:00am to 8:30am and 6:30pm to 8:30pm EST, Monday thru Friday. The latest updates to HUD's IT Security Policy can be found on the following link:

AHACPA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org