Condo Smarts: Council should take steps to reduce potential for fraud (BC)

/ Owner - December 3, 2020

Dear Tony:  I am the acting treasurer for our strata corporation in the Fraser Valley and took over a year ago. In the process of setting up a series of maintenance contracts that we use to approve monthly expenses, I discovered a payable over the previous five years — from 2013 to 2018 — for a company that does not exist. The amounts appear to be routine and nominal; however, when totalled over the five years, the amount is over $100,000.    Read the Q&A…………………………….

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