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Supplemental Information

Last Updated: Feb 21, 2017 04:09PM MST
We at AHACPA are frequently asked if supplemental information must be included in the hard copy financial statements. The list of items which make up a properly formatted set of financial statements comes from several different sources. The quick list of items required are:
  • Independent Auditor's Report & Independent Auditor's Report on the Supplemental Information
  • Balance sheet
  • Statement of profit and loss
  • Statement of changes in partner’s capital
  • Statement of cash flows
  • Footnotes to the basic financial statements, including descriptions of accounting policies.
  • Supplemental Information:
    • Balance Sheet Data
    • Profit & Loss Data
    • Equity Data
    • Cash Flow Data
    • Notes
    • Auditor's Reports (not needed for owner-certified submissions)
    • Findings & Prior Audits
    • Reserve Accounts Data
    • Surplus Cash & Fixed Asset Data
    • Nursing Home / Assisted Living Data
    • Federal Awards (Non-Profit only)
    • Certification
  • Other required auditor's reports depending on entity type (profit motivated or non-profit)


Continue reading if you would like more detailed information on the source of the above listed items.

1 - Guidance from HUD Audit Guide Chapter 3
  • Independent Auditor's Report
  • Independent Auditor's Report on the Supplemental Information
    • Supplemental information includes REAC Financial Data Templates [aka FASS Templates]
  • Balance sheet.
  • Statement of profit and loss.
  • Statement of changes in partner’s capital.
  • Statement of cash flows.
  • Footnotes to the basic financial statements, including descriptions of accounting policies.
  • Must adhere to UFRS

2 - Guidance from Guidelines on Reporting and Attestation Requirements of Uniform Financial Reporting Standards (UFRS)
  • FASS Templates +
    • The financial data templates must be produced in hard copy and reported on as information supplementary to the financial statements, before they are submitted (emphasis added)
    • The financial data templates are defined in the appendices of the Industry User Guide

3 - List of FASS Templates from the Appendices of the Industry User Guide. These FASS Templates include the HUD Chart of Account numbers.
  • Balance Sheet Data
  • Profit & Loss Data
  • Equity Data
  • Cash Flow Data
  • Notes
  • Auditor's Reports (not needed for owner-certified submissions)
  • Findings & Prior Audits
  • Reserve Accounts Data
  • Surplus Cash & Fixed Asset Data
  • Nursing Home / Assisted Living Data
  • Federal Awards (Non-Profit only)
  • Certification

4 - As further confirmation that supplemental information is necessary in the hard copy financial statements, see the following Agreed-Upon Procedures as listed in REAC

Profit-Motivated Audited Entities
PROCEDURE UFRS RULE INFORMATION HARD COPY DOCUMENTS
1. Balance Sheet, Revenue and Expense and Cash Flow data (account numbers 1120 to 7100T and the S1200 series) Financial Data Templates (i.e. Supplemental Schedules)
2. Surplus Cash (S1300 series accounts) Note: Cooperatives are exempt from submitting surplus cash accounts. Financial Data Templates (i.e., Computation of Surplus Cash, Distributions and Residual Receipts - (Annual))
3. Footnotes (S3100 series of accounts) Footnotes to Audited Basic Financial Statements
4. Type of opinion on the Financial Statement and Compliance (account number S2100-020, S2300-020) Auditor's Reports on the Financial Statements and Compliance
5. Type of opinion on Financial Data Templates (i.e. Supplemental Data) (account S2100-100) Auditor's Supplemental Report on Financial Data Templates
6. Audit findings narrative (S2700 series of accounts) Schedule of Findings and Questioned Costs
 

Non-Profit Audited Entities
PROCEDURE UFRS RULE INFORMATION HARD COPY DOCUMENTS
1. Balance Sheet, Revenue and Expense and Cash Flow data (account numbers 1120 to 7100T and the S1200 series) Financial Data Templates (i.e. Supplemental Schedules)
2. Surplus Cash (S1300 series accounts) Note: Cooperatives are exempt from submitting surplus cash accounts. Financial Data Templates (i.e. Computation of Surplus Cash, Distributions, and Residual Receipts ­ (Annual))
3. Footnotes(S3100 series of accounts) Footnotes to Audited Basic Financial Statements
4. Type of opinion on the Financial Statement and auditor reports(S3400, S3500 and S3600 series of Accounts) Auditor’s Reports on the Financial Statements, Compliance and Internal Control
5. Type of opinion on Financial Data Templates (i.e. Supplemental Data) (account S3400­100) Auditor's Supplemental Report on Financial Data Templates
6. Audit findings narrative (S3800 series of accounts) Schedule of Findings and Questioned Costs
7. General information (S3300, S3700 and S3800 series of accounts) Schedule of Findings and Questioned Costs and Federal Awards Data
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