Condo Smarts: Are audits required by the Act? (BC)

/ Owner - April 7, 2022

Q: Our strata corporation just completed a $1.8 million repair on balconies and roofing.  The property management company provided us with a detailed summary of the project, which ended on budget, but several owners have requested an audit of the special levy account.  Is there a specific threshold or value where an audit is a requirement of the Act or where a strata corporation should consider an audit?   Read the entire article……………………………….

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