The Montgomery Commission shall provide annually to the county government an audit of each housing project financed by bonds guaranteed by the county. The audit shall be done by: an independent certified public accountant licensed by the State; or a firm of independent certified public accountants licensed by the State. The accountant or firm of accountants shall provide appropriate certified financial statements and a management letter on the financial soundness of the housing project. The county government may undertake financial and compliance audits on housing projects financed by bonds guaranteed under this subtitle.