What is the proper role of the auditor when an audited submission is sent to PHA-Finance?
The auditor’s role basically encompasses two items. First, the auditor needs to provide the PHA the following word files in “rtf” format: a) Notes to the Financial Statements; b) the required A-133 or non-A133 reports; c) top-level financial statements; d) Schedule of Expenditures of Federal Awards; e) Schedule of Findings and Questioned Costs; and f) Action Plan. Second, the auditor has to perform the attestation, comparing the hard copy audit report to the electronic information in the draft submission. The auditor should not be the individual creating the submission for the PHA. The PHA is the entity that should create the submission, attach the “rtf” files and transmit it to REAC.
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