Tag Archives: audit

Associations Using CPA’s: Is it Really Necessary?

Although homeowner associations are created as nonprofit corporations, this does not mean the associations do not engage in financial transactions or require the services of a certified public accountant (CPA). For example, it is common for an association’s governing documents to require a financial audit or review on an annual basis, and associations are required to file tax returns every year. Further examples of situations in which it may be beneficial to consult a CPA include:

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Raising the Bar on Service Integrity

Raising the Bar on Service Integrity

Community associations rely heavily on management companies for the proper handling of the organizations financials, data reporting and storage of sensitive information. Mishandling of this information can lead to disastrous consequences for a community.

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