Kraig is an audit principal at Dauby O’Connor & Zaleski, LLC (“DOZ”) and has specialized in affordable housing and the real estate industry since 2009. Kraig’s clients include not-for-profit corporations, real estate developers, real estate limited partnerships, tax credit syndicators, and property management organizations, among others. With this diverse clientele list, Kraig is experienced in audits prepared for the Office of Management and Budget, U.S Department of Housing and Urban Development (“HUD”), numerous debt and equity providers of affordable housing projects and multiple state agencies.
He is responsible for managing the staff and seniors through each phase of the audit process from planning, interim testing, year-end fieldwork, and through to reporting. Kraig has reviewed hundreds of audits of limited partnerships, limited liability companies, and not-for-profit corporations created to own and operate affordable housing projects and various other real estate developments.
Kraig participates in the Development Committee at DOZ. In this position, Kraig assists in monitoring the firm’s compliance and quality with respect to 10% and final cost certification engagements. Kraig has prepared and reviewed 10% and final cost certifications required by various state housing finance agencies in connection with the low-income housing tax credit program, and has led training on development issues and updates.
Over the past several years, Kraig has taken a lead in ensuring the firm’s compliance and quality with respect to OMB Uniform Guidance engagements. Kraig has prepared and reviewed several large consolidated not-for-profit audits with various federal funding sources, including HUD, U.S Department of Homeland Security, U.S. Department of Health and Human Services and the National Institutes of Health and Alcohol Abuse and Alcoholism. Kraig has also led training on Uniform Guidance issues for other CPAs and clients.
Kraig stays current with the real estate industry and the continually changing regulatory environment by attending continuing education classes on an ongoing basis. These classes address the most current issues, including Low Income Housing Tax Credits, HUD audit guidelines, Government Auditing Standards, and OMB Uniform Guidance. This education is sponsored by various organizations, including the Indiana CPA Society, American Institute of Certified Public Accountants, and other industry trade associations.