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Auditing Requirements for Condominium Association and HOAs

/ Owner - March 11, 2021

The decision to conduct a financial review or audit can be difficult for many common interest communities. The expense, effort, and length of time all play a role in the decision. For most condominium associations and HOAs, financial reviews are fairly inexpensive, are performed more frequently, and just make good business sense. Audits provide a much more detailed snapshot and accounting of all of the association’s finances. Depending on your governing documents and state law, audits are not only suggested but may actually be required at certain intervals. You may be wondering what the difference is between an audit and a review:    Read the article…………………………………..

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