Home
Forms Library
4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud

4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud-2025

4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud Preview on Page 1

Show details

4 out of 5

32 votes

Chapter 3 of document 4370.2 REV-1 outlines the requirements for financial reports and supporting data that mortgagors must submit to HUD. It details the responsibilities of Independent Public Accountants (IPAs) in auditing these financial statements, ensuring compliance with Generally Accepted Accounting Principles (GAAP), and providing opinions on the reliability of the financial reports. The chapter emphasizes the importance of maintaining separate books for each project, adhering to specific reporting formats, and includes guidelines for various types of financial statements required by HUD. Additionally, it discusses the necessary certifications from mortgagors and managing agents regarding the accuracy of submitted financial data.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The fastest way to redact 4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is a perfect editor for changing your documents online. Adhere to this simple guideline redact 4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud in PDF format online at no cost:

Register and sign in. Register for a free account, set a strong password, and proceed with email verification to start managing your templates.
Upload a document. Click on New Document and choose the form importing option: add 4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud from your device, the cloud, or a protected URL.
Make changes to the sample. Use the upper and left panel tools to redact 4370 2 REV-1 CHAPTER 3 FINANCIAL REPORTS AND - HUD - hud. Add and customize text, pictures, and fillable areas, whiteout unneeded details, highlight the important ones, and comment on your updates.
Get your documentation completed. Send the form to other parties via email, create a link for faster document sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail added.

Explore all the benefits of our editor right now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does a board need to approve audited financial statements?

During the meeting that the board of directors receives the independent audit, the appropriate action for the agenda is for the board of directors to accept the auditors report and letter to management, rather than approve them.

Are audited financial statements required?

Public companies are obligated by law to ensure that their financial statements are audited by a registered certified public accountant (CPA). The purpose of the independent audit is to provide assurance that company management has presented financial statements that are free from material error.