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Before Reappointing your Auditor

Author: 
Toronto Condo News
Publication date:
February 25, 2020
Article Summary: 

Condo owners are advised to ask for more useful disclosure before voting to reappoint an auditor at the Annual General Meeting. This includes information on the frequency and depth of contact between the audit firm and the audit or finance committee, and between any committee and condo owners. Owners are also encouraged to request more detailed financial statements that present assumptions as a range with a critique of the judgments applied by the company.

Keywords: 

Annual General Meeting, auditor, financial reports, disclosure, financial statements, assumptions, condo owners, budgeting process.

Source Citation: 
Toronto Condo News
Before Reappointing your Auditor
February 25, 2020
https://tocondonews.com/archives/before-reappointing-your-auditor/
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