NASBA’s response to the Department of Housing and Urban Development (“HUD”) in response to its solicitation for comments on its proposal to create an Independent Public Accountant Roster (“IPA Roster.”) Dated March 31, 2008.
NASBA concurs with HUD that audits of the entities or individuals identified in 24 CFR 5.801 are important in protecting the public, because the audits help to ensure the integrity of the financial data of these entities and individuals, who are required to make submissions to HUD. Therefore, our comments below should be read as recommendations to assist HUD in proposing regulations that support this basic objective in a cost-efficient and timely manner.
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