WEBINAR: Affordable Housing Audit and Financial Statement Essentials
Thursday, July 25th, 2024
Partner Gary Dubas and Principal Jackie Winchell led this webinar designed to deepen one’s understanding of the auditing process for affordable housing developments and master the essentials of their financial statement preparation. This second session in our summer webinar series equipped attendees with the critical tools and knowledge needed to ensure their organization’s financial statements are accurate, compliant, and easily understood by all stakeholders. Practical tips and tricks from our experience auditing organizations in this unique and challenging industry were shared to help listeners learn to navigate audits with confidence, as well as provide clear, transparent financial information that meets regulatory standards and supports informed decision-making.
We explored the nuances of affordable housing audits, including an overview of their unique challenges and the key regulatory requirements that govern them. Attendees learned about common audit findings and how to effectively address them. We delved into the essentials of financial statement preparation, and helped gain insight into best practices that provide accuracy and transparency in financial reporting. Lastly, we covered common mistakes to avoid, providing the audience with a solid foundation for producing reliable financial statements and ensuring a smooth audit process.
Attendees of this McKonly & Asbury Webinar gained insight on the following:
- A better understanding of financial statements of affordable housing entities.
- Knowledge of the audit process of affordable housing entities and how to prepare for an audit.
- Financial reporting best practices that comply with the various regulatory requirements impacting this industry.