Reporting is the mechanism that program and finance staff uses to verify and document that funds have been used in accordance with the established budget and other requirements. Ideally, records from both program staff and finance staff are crosschecked for accuracy, providing another level of oversight. Reports from accountants, partners, TRACS and other reporting systems should all be compared and reconciled to ensure accuracy. Written agreements require comprehensive financial and programmatic reports to ensure compliance with all applicable OMB and HUD requirements. The best grantee reports go above and beyond what is required by law to improve organizational management and accountability.