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

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



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.

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