(1) Comments on the Finding and Each Recommendation. Management concurs with the finding and the auditor’s recommendation that Ridgeview Terrace, Inc. should process applicants and tenants, including recertification of tenants in accordance with guidelines established by the Department of Housing an...
(1) Comments on the Finding and Each Recommendation. Management concurs with the finding and the auditor’s recommendation that Ridgeview Terrace, Inc. should process applicants and tenants, including recertification of tenants in accordance with guidelines established by the Department of Housing and Urban Development prior to the tenant occupying the unit. In addition, a tenant file should be maintained for each move-out tenant. By performing these procedures, the risk of incurring questioned costs will be significantly reduced.