FHA underwriting documentation requirementsSo, we're in the final stretch of the underwriting process and the underwriter has requested the an audited P&L and CPA contact information (to verify employment) for a company I own and that my spouse works for, but I do not work for. I do not have a CPA and keep my books on Quickbooks. My books are simple, aside from few expenses, my largest is income and paying income taxes on my spouse. From what I've read, having my books audited will cost thousands. But, since it's a private company, there's no requirement to have them audited. In addition, I do not rely on my company's earnings for my own income. You would think that by supplying bank statements, tax returns, etc. for both the business and the employee (my spouse) as well as pay stubs that this would suffice! Is there a requirement for this sort of documentation on an FHA loan? If so, is there an "or" in the requirement?September 03 2011 - Brookland00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.