Technical Or Performance Audits

This blog discusses the importance of audits in the financial structure of condominiums. The author explains that an audit is a thorough examination of a condominium corporation's financial records, and it is typically conducted by a professional auditor. The blog highlights the benefits of audits, such as providing transparency and accountability, identifying potential issues or errors, and ensuring compliance with regulations and bylaws. The author also notes some potential concerns and considerations, such as the cost of audits and the need to ensure that the audit is conducted by a qualified and independent professional. The blog emphasizes the importance of conducting regular audits as a best practice for financial management in condominium corporations.