What is an audit? The objective of an audit is to provide an opinion about whether the financial statements present information fairly, in all material respects, and in conformity with Read More >>
Accounting Controls
Your Association’s Year End Accounting Review
Most associations have fiscal years that end on December 31. If an association does not obtain an independent audit by a Certified Public Accountant, it is perhaps more imperative that Read More >>
Reading Financial Statements Series© Fund Accounting for Associations
Fund Accounting for Associations – Basics Whether preparing an annual budget or a reserve study, it is important to know how much money is available to spend and where the Read More >>
Annual Audit Process Efficiencies
To help make your association’s annual audit go smoothly, it is important to follow and support annual audit process efficiencies: Audit Process Efficiencies: Engagement Letter – Sign Early Obtain board Read More >>
Fund Accounting For Community Associations
California Civil Code requires boards of directors to perform all of the following on a monthly basis: Review a current reconciliation of the association’s operating Review a current reconciliation of Read More >>
Special Assessment Accounting
Special Assessment Accounting. Aware. Diligent. Timely. Accurate. Complete. Record keeping and accounting for special assessments should not be as challenging as it often is. Often, as auditors we Read More >>
Year End Accounting: Loose Ends
For most associations, their fiscal year ends on December 31. If an association does not obtain an independent audit by a Certified Public Accountant, it is perhaps more imperative that Read More >>
Selecting an HOA CPA Firm is Imperative
Finding a firm to handle your associations’ assurance and tax needs isn’t a simple task. Where do you look? What do they cost? And even more importantly, what exactly do Read More >>
