Agency Achieves Financial Effectiveness Through Transformation

Challenge

Guidehouse was engaged by the U.S. Department of Housing and Urban Development (HUD) to drive financial innovation and transformation.

Solution

Guidehouse brought industry leaders to advise HUD in all facets of its financial management needs, including accounting, internal controls, improper payments, financial reporting, and business process automation, across the organization including HUD’s mortgage and grant programs.

Impact

Our support enabled HUD to obtain an unqualified audit opinion within two years.  Further, they became substantially more compliant with laws and regulations, established a forward-looking risk and control program, and transformed the way it did business. Since that time, HUD has become a leader in the government as it relates to financial management and has been recognized amongst its peers as an agency focused on innovation and driving meaningful change for the benefit of its staff, its beneficiaries, and the American public.