|auditing the books||<– Date –> <– Thread –>|
|From: Diana Carroll (dianaecarrollgmail.com)|
|Date: Wed, 16 Jun 2010 07:59:23 -0700 (PDT)|
Have any of you hired an accountant to audit your homeowner's association's books? I've been handling all the bookkeeping for my group, Mosaic Commons, using Quickbooks. however, I am NOT in any way a professional accountant or even bookkeeper. I've been wondering if we should engage an accounting firm to perform an annual audit. I've never dealt with an accounting firm or have any idea what the process would be, or the expense. Is an audit a legal requirement? Does it have to be done by a CPA? If we have a CPA in the group, could s/he perform the audit or must it be completed by an independent agency? How are other groups handling annual accounting audits? - Diana
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