Overdue audits and finance staffing crisis
Summary
HACM's FY2024 audit is still missing and the 2022–2023 audits got disclaimer opinions; a forensic auditor RFP was reposted after just one bid. Finance is down to a skeleton crew, with a new controller and senior accountant starting in November.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 21, 2026.
Impact analysis
Late audits have frustrated investors and are a central item in HUD's compliance letter; a forensic audit contract is expected to be executed by early December.
Bond investors, HUD, and ultimately residents gain once accurate financial statements are restored.
Mentions & discussions (1)
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