Do condo members have a right to yearly audited financial statements?

Answer The responsible, moral answer is 'yes', absolutely yes.However, you can read your governing documents to determine the frequency and the audit-level of financials due you from your board of directo... Read More »

Top Q&A For: Do condo members have a right to yearly audited...

In California do condo owners have the right to review condo bills and financial statements monthly?

The only answer to your question is to review your governing documents. You should be able to find your answer in the sections that discuss finances.As well, you may want to review the California C... Read More »

How to Forecast Financial Statements Using the Forecasted Financial Statements Approach?

Most people remember hearing the story about a genie in a bottle as a child. This genie offers the finder of the magic lamp three wishes. For the investment analyst, one of those three wishes would... Read More »

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the p... Read More »

How Do General Purpose Financial Statements Help Achieve the Objectives of Financial Reporting?

General-purpose financial statements target a diverse audience, telling readers how well a company navigated the economic ups and down over a given period -- say, a quarter or fiscal year. These s... Read More »