Audit

OVER 25 YEARS OF HOUSING AUTHORITY AUDIT EXPERIENCE

Managing a housing authority is a challenging task. Executive directors must maintain ever-changing HUD regulations and programs, often with a limited staff. SMCo is proud to specialize in housing authorities audits.

Auditing housing authorities is a highly specialized service. The industry in which they operate leads housing authorities to be subject to significant oversight by Federal, State, and Local regulatory agencies. Additionally, regulations in the industry are continually changing based on current political and economic factors.

Another factor adding to the complex nature of PHA audits is that they routinely have multiple reporting sub-entities and, consequently, require multiple audits. Even if you have multiple audits, Smith Marion provides you with one designated audit team.

With over 25 years of experience, our housing authority auditors are experts in the industry. We are:

Well-versed in public housing authority audit requirements that are beyond a typical audit engagement.
Known for delivering a timely audit
Excited to partner with you to improve accounting procedures to the extent allowable by independence standards.
Giving you a more flexible schedule so you can make a positive impact in your community.

The audit does not have to be a pain point for you. Submit an RFP request today!

Submit RFP Request

Fiscal assessment of public housing authorities is another way of saying we assess and address any financial issues within your agency before they become problematic. Conducting public housing authority audits and assessments proactively builds a healthy financial foundation for the future of your agency.

We review each housing authority’s finance department for a variety of issues, including:

Compliance with HUD, GAAP & GASB regulations
Maximization of subsidy
Organizational structure
Internal control and accounting functions
Competency of accounting staff
The current budget process
Implementation of project based accounting
Reporting accuracy and timeliness.

We also provide a report of observations and recommendations to correct any deficiencies and align the agency for success.

Set up a call today to start the conversation.

Get in-touch with the Smith Marion & Co. team today to schedule your free consultation.

NPO Strategic Planning Workshop We at SMCO were able to launch our NPO Strategic Planning Workshop on August 4th, 2022. Kendra Dockham and Hannah Baldwin led the seminar. Kendra has over 10 years of experience in the industry, with one of her specialties being setting organizations up for success. Hannah Baldwin is an experienced facilitator who specializes in helping organizations develop their strategic plan and improve their processes, and leading organization-specific peer groups. Our Strategic Planning Workshop was a time of learning, innovation, and organizational/individual development. Want to know how we pulled this off? Continue reading below to discover the highlights and key takeaways from this exclusive event. HIGHLIGHTS FROM THE 2022 NPO STRATEGIC PLANNNING WORKSHOP Benefits of a Strategic Plan in Action: Allows an organization to be proactive rather than reactive Increases program effectiveness Makes the organization durable and flexible Creates accountability Creating Accountability: You will need a leadership team – one individual can’t do it all Put the right people in the right seats Let go of any unnecessary and over-complicated processes that don’t work for you Having the Right People: The right people should share core values and their position should be based on unique ability They should align with the organization's values personally They should thrive within the culture of the organization and make it a better place Keys to Strategic Planning Success: Have a unified leadership team Facilitate effective communication and accountability Adjust continually Simplify, delegate, predict, systemize and structure Operate with only one system Be open-minded, growth-oriented and vulnerable Get It/Want It/Capacity:

Highlights from NPO Strategic Planning Workshop

We at SMCO were able to launch our NPO Strategic Planning Workshop on August 4th, 2022. Kendra Dockham and Hannah Baldwin led the seminar. Kendra has over 10 years of experience in the industry, with one of her specialties being setting organizations up for success. Hannah Baldwin is an experienced facilitator who specializes in helping...

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