E2: Internal Controls and Audits

Improve HUD’s management and internal controls to ensure program compliance and resolve audit issues.

Other Information:

HUD will remain focused on the continuous improvement of the organization and functions, and respond as effectively to the needs of its partners as the private sector responds to its customers. As a large organization with multiple responsibilities, HUD must maintain strong internal controls to ensure that HUD effectively meets its responsibilities, including the elimination of fraud, waste, and abuse of federal resources. As discussed in more detail below, HUD’s most significant management challenges are the following: • Improve financial management systems; • Ensure adequate and sufficiently trained HUD staff; • Improve origination of FHA single-family mortgage insurance and oversight of real estate owned property; • Improve the effectiveness and efficiency of public and assisted housing program administration; • Ensure grantee compliance with relevant regulations and statues.

Indicator(s):

Indicator:1

Content