WilliamS1 (South Carolina)
Posts: 113
Posts: 113
Posted:
We don't need an audit and we don't have time to complete a review before our annual meeting. What to do?
Are there some typical questions asked by HOA's in either a Compilation or Agreed Upon Procedures? I have listed a few questions that come to my mind but I don't know if these are typical questions for a compilation or Agreed Upon Procedures.
1. I would like to make sure all HOA fees are placed in proper accounts.
2. Where is the threashold between monthly budgeted maintenance and long term maintenance? Has that line been kept?
3. I would like to see the checks that fall outside of the major contracts (ie. lawn care, pool, electric, water )
I will appreciate your seasoned comments.