Finding 2022-002
a. Comments on the Finding and Each Recommendation:
Management agrees with both the finding and recommendations.
b. Action(s) Taken or Planned on the Finding
The management overseeing the process has been completely replaced to ensure a fresh perspective
and unwavering dedication to...
Finding 2022-002
a. Comments on the Finding and Each Recommendation:
Management agrees with both the finding and recommendations.
b. Action(s) Taken or Planned on the Finding
The management overseeing the process has been completely replaced to ensure a fresh perspective
and unwavering dedication to implementing robust internal controls.
To address the shortcomings identified in Finding 2022-002, the Authority commits to a targeted
action plan aimed at ensuring timely compliance with reporting requirements. Central to our
approach is the engagement of a fee accountant, recognized for expertise in HUD reporting and
public housing financial management. This specialist will be tasked with overseeing and streamlining
our reporting processes. By leveraging this expertise, we aim to quickly rectify past reporting lapses
and ensure future submissions are timely and compliant with HUD requirements. The new fee
accountant will conduct a comprehensive review of our current reporting mechanisms, identify
bottlenecks, and implement best practices tailored to our operations.
This decisive action, centered around the expertise of the newly appointed fee accountant,
demonstrates our commitment to enhancing our financial management practices and aligning with
HUD's reporting expectations. Through these measures, we anticipate not only meeting HUD's
deadlines but also setting a new standard for operational excellence within our Authority.