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What does the Component Unit check box signify?

April 26, 2017Box component

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What does the Component Unit check box signify?

1 Answer

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By checking the component unit check box, the PHA is affirming that it is a component unit of another government and that it will not have a separate audit. A PHA should not check the box if it plans on having a separate audit engagement although it is a component unit of another government.