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What Every New Condo Board Member Needs To Know About The Performance Audit

Author: 
Tarion Building Confidence
Publication date:
September 13, 2022
Article Summary: 

The blog discusses performance audits for new condo board members in Ontario, Canada, and what they need to know about the process. It explains what a performance audit is, how it can help identify potential issues, and the importance of conducting regular audits. The article also outlines the audit process, including what areas are typically reviewed, such as the financial statements, reserve fund, and compliance with the Condominium Act. Additionally, the article highlights the benefits of working with a professional auditor and the role of the condo board in the audit process.

Keywords: 

performance audit, new condo board members, Ontario, Canada, potential issues, regular audits, financial statements, reserve fund, Condominium Act, professional auditor, condo board.

Source Citation: 
Tarion Building Confidence
What Every New Condo Board Member Needs To Know About The Performance Audit
September 13, 2022
https://www.tarion.com/blog/64186/what-every-new-condo-board-member-needs-know-about-performance-audit
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