Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
The AFR or other HUD documentation formally states and describes a disclosed material weakness in HUD's financial controls.
Evidence indicates that HUD did formally disclose a material weakness related to its financial oversight in connection with its Fiscal Year 2025 Agency Financial Report and the associated financial statement audit. HUD’s Office of Inspector General, in its audit of HUD’s FY 2025 financial statements, discusses material weaknesses in internal control over financial reporting, and HUD’s own communications about the FY25 AFR state that, after identifying process gaps and weaknesses, the Department disclosed a material weakness to increase transparency and accountability for fixing financial oversight going forward.
Therefore, the verdict is True because HUD’s audited financial reporting for FY 2025 includes disclosure of a material weakness in internal controls tied to financial oversight, and HUD’s public summary of its FY25 AFR explicitly notes that it disclosed such a material weakness.