Specifications include, but are not limited to:
The Professional Contractor shall conduct the MHA audit in accordance with generally
accepted auditing standards and Government Auditing Standards, issued by the Comptroller
General of the United States.
• The Professional Contractor shall prepare the financial statement audit report in accordance with
Generally Accepted Accounting Principles (GAAP) and HUD's timetable for submission. This
includes assistance with electronically submitting Financial Data Schedules (FDS) via the
Internet as required by the Real Estate Assessment Center (REAC).