Updates to VHDA Audit Guide for Fiscal Years Ending On After 12 31 06

Updates to VHDA Audit Guide for Fiscal Years Ending On or After 12/31/10 Highlighted below are significant updates made to the VHDA Audit Guide for financial statements prepared for years ending on or after 12/31/10. Minor updates for clarity and consistency have been made throughout the Guide. We recommend that the Audit Guide be printed and reviewed in its entirety. Where a form has been updated, the fillable document has been reposted on the website. Questions can be directed to Nina Nolley at (804) 343-5859 or nina.nolley@vhda.com. Any substantial deviation from the VHDA Audit Guide, including formatting changes to schedules and reports, must receive the prior written approval of the VHDA assigned asset manager. Note: The Statement of Cash Flows, Statement of Profit and Loss and Balance Sheet are required in the VHDA formats. In addition to submission in the paper audited financial statements, the Statement of Profit and Loss and Balance Sheet must be submitted electronically using the forms and associated instructions found at http://www.vhda.com/BusinessPartners/PropertyOwnersManagers/MFLoanServicing/Pages/MFAuditGuide.aspx. Fillable PDF’s and/or Excel templates are provided as part of the Audit Guide on our website. The level of detail reflected in all VHDA forms must be included if the templates provided are altered. Failure to provide this level of detail may result in VHDA, at its option, returning the financial statements. ...