As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
During our testing of cash disbursements, we noted the following: 1. The prior year's vendor’s invoices were recorded in the current year's books and records. Five (five) exceptions were noted. 2. No approval on the vendor’s invoice. Nineteen (19) exceptions were noted.
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date:
As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
As a result of our audit, we proposed nineteen (19) audit adjusting entries to correct the books as originally provided to us for audit. Most of these adjustments were material to the financial statements. Adjustments were necessary for basis areas such as prepaid insurance, replacement reserve, fixed assets, accumulated depreciation, accrued wages and payroll taxes, capital lease obligation, accrued expenses, note payable-insurance premium finance, mortgage payable, revenue, and expenses.
During our testing of cash disbursements, we noted the following: 1. The prior year's vendor’s invoices were recorded in the current year's books and records. Five (five) exceptions were noted. 2. No approval on the vendor’s invoice. Nineteen (19) exceptions were noted.
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
The Enterprise Income Verifications (EIV) were not obtained after 90 days from the date of move-in from the following tenants:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Eligibility, we noted that the tenants’ utility allowance effective date of the annual gross rent approved by HUD was not properly stated on the lease and Form-HUD 50059 Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures as follows:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date:
During our Testing of Move-Outs, the following tenant’s security deposit was not refunded within 30 days after the move-out date: