Built for management companies
We work with your existing processes so the audit does not create unnecessary work for your staff.
Managing the financial responsibilities of multiple homeowners associations requires more than keeping the books up to date. Your management company needs accurate financial records, organized supporting documentation, reliable reporting, and an audit process that fits smoothly into your existing workflow. Our HOA audit professionals work with community association management companies to provide independent financial statement audits, HOA accounting review, internal control analysis, financial reporting support, and audit preparation for the communities you manage.
Reliable HOA Audits. Clear Financial Reporting. Less Work for Your Management Team.
Your management company is responsible for keeping communities financially organized while helping boards meet their reporting obligations. When an association needs an audit, you need an audit firm that understands the financial structure and operating environment of HOAs and condominium communities. We work alongside management companies to help organize the financial information needed for the audit and make the process easier for your team and the associations you serve.
We work with your existing processes so the audit does not create unnecessary work for your staff.
A structured process for your team and a clearer financial picture for the boards you serve.
Independent audits, accounting review, reserves, and reporting support for the communities you manage:
We understand that the management company is often coordinating the audit process on behalf of the association. That means your audit partner needs to work with your existing processes—not create unnecessary work for your staff. We communicate with the appropriate members of your accounting and management team, organize information efficiently, and keep the audit process moving.
Management Company
Association Financial Records
Audit Team
Financial Statements
Board Reporting
The result is a more structured experience for your team and a clearer financial picture for the association.
An HOA financial statement audit provides an independent examination of the association's financial statements and related financial information. Depending on the engagement, our audit process may include examination of the areas below.
Examination of cash, bank accounts, and related financial controls.
Review of assessments, homeowner receivables, and related billing information.
Review of accounts payable, operating expenses, and supporting documentation.
Examination of reserve funds, investments, and related financial presentation.
Review of fixed assets, liabilities, deferred revenue, restricted funds, interfund activity, and other significant accounts.
An HOA financial statement audit provides an independent examination of the association's financial statements and related financial information. Depending on the engagement, our audit process may include examination of the areas below.
Examination of cash, bank accounts, and related financial controls.
Review of assessments, homeowner receivables, and related billing information.
Review of accounts payable, operating expenses, and supporting documentation.
Examination of reserve funds, investments, and related financial presentation.
Review of fixed assets, liabilities, deferred revenue, restricted funds, interfund activity, and other significant accounts.
Community association management involves handling financial transactions, homeowner assessments, vendor payments, reserve funds, and other financial activities. An HOA audit can become time-consuming when financial records and supporting documents are scattered across multiple systems, communities, or accounting teams.
If your company manages multiple associations, coordinating separate financial audits can become a recurring administrative challenge. We help create a more consistent audit workflow across the communities you manage.
Appropriate internal controls can help reduce errors and strengthen financial processes. Our objective is to identify areas that may warrant additional attention and provide management with useful financial information.
Reserve funds are an important part of long-term community association financial planning. A clear separation and presentation of operating and reserve activity can help management and boards better understand the association's financial position.
Homeowner assessments are a primary source of operating revenue for many community associations. This helps create a clearer connection between association billing records, accounting records, and financial reporting.
We help management companies prepare the information auditors commonly need, from financial records review through final consistency review.
Instead of treating every audit as an entirely new process, we can work with your team to establish a repeatable approach: Community Selection → Audit Scheduling → Records Collection → Financial Review → Audit Procedures → Financial Statements.
Not every community association requires the same level of financial assurance. Depending on applicable state requirements, governing documents, lender requirements, board policies, or other circumstances, an association may need an audit, review, compilation, or another form of financial reporting.
We help management companies understand the financial reporting process applicable to the engagement and organize the underlying accounting information accordingly.
We can support assessment revenue, expense classification, and reserve account analysis for the communities you manage.
An audit provides a higher level of assurance and involves more extensive independent procedures. A review provides limited assurance and generally relies on inquiries and analytical procedures.
Our HOA audit services are designed for organizations and professionals responsible for community association financial management. Our primary focus is supporting the management professionals responsible for coordinating financial reporting and audit requirements for the communities they manage.
Our homeowners association audit services are designed to work with your management workflow.
We understand that your team already has accounting systems, management processes, and reporting schedules. Our process is designed to work alongside them.
HOAs have financial structures and reporting considerations that differ from many traditional businesses. Our approach is tailored to community association financial information.
Managing multiple associations requires consistency. We can help create a structured approach across multiple community audit engagements.
We help your team understand what financial information and supporting documentation are needed throughout the engagement.
Our work helps provide management and association leadership with financial statements that clearly present the organization's financial information.
Clear communication between the management company, association representatives, and audit team can make the audit process more efficient.
Your team already manages homeowners, vendors, budgets, maintenance, collections, board requests, and day-to-day community operations. The annual audit should not create unnecessary disruption. Our homeowners association audit services help management companies organize financial information, coordinate audit requirements, and support reliable financial reporting for the communities they manage.
A homeowners association audit is an independent examination of an HOA's financial statements and related financial information. The scope and reporting requirements depend on the engagement and applicable professional and legal requirements.
No. HOA audit requirements vary by state, association type, governing documents, contracts, and other circumstances. Some jurisdictions have specific audit requirements for community associations, while others may allow or require different forms of financial reporting.
The association is typically the audit client, but the community association management company may coordinate the audit process, provide accounting records, communicate with the audit firm, and help organize requested information.
Yes. A management company can coordinate audit engagements for multiple associations, subject to the appropriate engagement arrangements, independence requirements, and client relationships.
Depending on the engagement, auditors may request bank statements, reconciliations, general ledgers, assessment records, accounts payable information, reserve activity, investment records, invoices, contracts, financial statements, and other supporting documentation.
Reserve fund activity can be included within the scope of an applicable HOA financial statement audit. The specific procedures depend on the engagement and relevant financial reporting requirements.
Yes. We can support management companies with organizing financial records, reconciliations, supporting documentation, assessment information, reserve schedules, and other information requested for the audit.
An audit provides a higher level of assurance and involves more extensive independent procedures. A review provides limited assurance and generally relies on inquiries and analytical procedures. The appropriate service depends on the applicable requirements and circumstances.
Our team can work with financial information exported or provided from the accounting systems used by the management company or association, subject to the specific engagement requirements.
Yes. We can support multiple association engagements and help management companies establish a consistent process for coordinating financial records and audit information across their portfolio.
Our core service is audit and financial reporting support. Additional accounting-related services may be available depending on the engagement and applicable independence requirements.
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