The Year-End Audit: How to Prepare, What to Expect

January 1, 2009
| Share | Print

Associations produce audited financial statements so that members, prospective buyers, and lenders can assess an association's financial condition. If an association's finances are mismanaged, prospective buyers may have a difficult time getting loans and may look elsewhere for a home. This ultimately may reduce home values in the community in an already difficult economic climate.

Full Article Access:

Full access to articles from Community Association Management Insider is for subscribers only.

Not yet ready to subscribe?