- GAAP Flyer #6: Procuring an Audit - (June 2008) This flyer describes the process of procuring an audit, the auditee and auditor responsibilities, the elements in Request for Proposal (RFP) and audit engagement letter.
- GAAP Flyer #5: GASB's New Financial Reporting Model - (Dec 2001) This flyer describes the reporting requirements for State & Local governments including public housing agencies under GASB Statement #34 and details the required implementation dates of conversion to GASBS 34 reporting
- GAAP Flyer #4: Accounting for PHA Debt - (January 2000) This Flyer provides guidance on the treatment of HUD guaranteed debt (third party) and HUD-held debt (direct debt) under generally accepted accounting principles (GAAP). Under the GAAP basis of accounting, PHAs who use the enterprise model should remove this debt from their books and reclassify it as contributed capital. PHAs using the governmental model (modified accrual) should remove the debt from the General Long-Term Debt Account Group (GLTDAG) on the balance sheet. The Third party debt that is not HUD guaranteed or HUD-held should remain on the PHA’s books as an obligation of the PHA Experts Agree on the Reclassification of Debt
- GAAP Flyer #3: Mixed Financing and joint Venture Accounting - (July 1999) This Flyer provides PHAs and their advisors with guidance on the GAAP reporting requirements for mixed financed, joint ventures, and similar type transactions
- GAAP Flyer #2: Accounting For Fixed Assets - (June 1999) This Flyer provides guidance on accounting for fixed assets and corresponding depreciation of those assets under GAAP
- GAAP Flyer #1: Governmental vs Enterprise Fund Accounting - (April 1999) This Flyer describes the difference between governmental (modified accrual) basis of accounting vs. enterprise (full accrual) basis of accounting
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