Enterprise Income Communicate: Results Verification (EIV) identified and provided to Policy Committee; Asset Mgmt. Dept. Manager PBT # 2 Adjust Contract Rents – Reviewer: Manager (AMD) Budget-Based Rent Review: MFA Section 8 Daily/As Needed: 100% HUD AQL: 95% Adjustments Access database reports and Review of PBT #2 activity MFA AQL Goal: 100% Reviewed: tracking logs; HUD Secure (compliance review of quality Lead Programs Analyst Annual Adjustment Factor Systems (iREMS); Project of work and (AMD) File/Working Papers policy/procedure) Operating Cost Adjustment Factor Communicate (1): For Monthly: 100% Review of Daily/As Needed timeline; Monthly Invoice Activity Special Adjustments Results identified and (policy and procedure, provided to Lead Programs quality & ACC compliance), Rent Appeals, if any Analyst performing Items 1-5 as applicable at time of QC Review for immediate corrective action Quarterly: 10% random Document: Results recorded sample (targeted review of on QC Checklist (in policy/procedure accordance with HUD compliance) for each staff requirements for PBT #2; for member Monthly & Quarterly timelines) Annually: 10% staff Communicate (2): For performance review Annual timeline; Results (targeted to quality) for each identified and provided to staff member Lead Programs Analyst performing Items 1-5 post QC Review for corrective action Reviewer: Independent Budget-Based Rent Review: MFA Section 8 Annually: Variable % random HUD AQL: 95% Auditor (Offeror) Adjustments Access database reports; sample (ACC compliance & Project File/Working Papers targeted review of policy/ MFA AQL Goal: 100% Parties Reviewed: Annual Adjustment Factor procedure compliance) Manager and Lead Document: Results recorded Programs Analyst Operating Cost Adjustment on Internal Auditors’ Report (AMD) Factor (in accordance with HUD ACC requirements) Special Adjustments
Enterprise Income Verification (EIV) Communicate: Results identified and provided to Policy Committee; Asset Mgmt. Dept. Manager PBT # 2 – Adjust Contract Rents Reviewer: Manager (AMD) Reviewed: Lead Programs Analyst (AMD) Budget-Based Rent Adjustments Annual Adjustment Factor Operating Cost Adjustment Factor Special Adjustments Rent Appeals, if any Review: MFA Section 8 Access database reports and tracking logs; HUD Secure Systems (iREMS); Project File/Working Papers Communicate (1): For Daily/As Needed timeline; Results identified and provided to Lead Programs Analyst performing Items 1-5 at time of QC Review for immediate corrective action Document: Results recorded on QC Checklist (in accordance with HUD requirements for PBT #2; for Monthly & Quarterly timelines) Communicate (2): For Annual timeline; Results identified and provided to Lead Programs Analyst performing Items 1-5 post QC Review for corrective action Daily/As Needed: 100% Review of PBT #2 activity (compliance review of quality of work and policy/procedure) Monthly: 100% Review of Monthly Invoice Activity (policy and procedure, quality & ACC compliance), as applicable Quarterly: 10% random sample (targeted review of policy/procedure compliance) for each staff member Annually: 10% staff performance review (targeted to quality) for each staff member HUD AQL: 95% MFA AQL Goal: 100% Reviewer: Independent Auditor (Offeror) Parties Reviewed: Manager and Lead Programs Analyst (AMD) Budget-Based Rent Adjustments Annual Adjustment Factor Operating Cost Adjustment Factor Special Adjustments Review: MFA Section 8 Access database reports; Project File/Working Papers Document: Results recorded on Internal Auditors’ Report (in accordance with HUD ACC requirements) Annually: Variable % random sample (ACC compliance & targeted review of policy/ procedure compliance) HUD AQL: 95% MFA AQL Goal: 100%
RFP_Internal_Audit_2015.docx