Once you get notice of an impending audit, you will want to swing into action. In addition to the first-year and current resident files, the auditor may want to seek actual units, building grounds, utility-allowance documentation, marketing records, and waiting and refused lists. Accounting records, including the rent roll, will also be under scrutiny. Be sure that all of these are in top shape before and during an LIHTC audit.
In this audio conference, Paul Flogstad will provide the tips for a successful LIHTC audit and the needed information so that you will receive an 'A' rating on your audit. Paul will discuss how to set up your files; what needs to be included; what items to watch for; and how to prepare for the physical inspection portion of the audit.
Areas covered in the session:
Who should attend
Paul Flogstad, a Certified Occupancy Specialist, Certified Manager of Housing, Certified Manager Of Maintenance, Site Based Budgeting Specialist, Tax Credit Specialist, Blended Occupancy Specialist, Certified Section 515 Specialist, RHM ( Registered Housing Manager) Professional Designation, Certified Instructor fo... More info