Tips for Getting the Most Out of Your HOA Audit or Financial Review

I don’t want to scare you, but as a community association or HOA board member, it’s your fiduciary responsibility to know the answer to this question. Reviewing your monthly financial statements is a good start, but you also need to be comfortable with the information behind the numbers, including incoming and outgoing payments, bank account balances, reserves, contracts, and insurance. That level of knowledge requires a deeper dive into your books and records.   Read the article…………