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Who decides whether the condo auditor is to attend the AGM?

Author: 
Rod Escayola
Publication date:
October 4, 2022
Article Summary: 

In this blog post, the author discusses the role of auditors in condominium corporations, particularly their attendance at Annual General Meetings (AGMs). The Condo Act requires the appointment of an auditor annually, except for condos with less than 25 units and unanimous owner consent to dispense with the audit. The auditor's job is to examine the financial statements and present an annual report to the owners. Auditors have a right to access records and information related to the corporation. They cannot be directors, officers, employees, or managers of the corporation and must remain independent. The decision regarding the auditor's presence at the AGM can be made by the auditor, the corporation, or any owner who may request the auditor's attendance.

Keywords: 

Condominium, Condo, Auditor, Annual General Meeting, AGM, Financial Statements, Condo Act, Appointment, Role, Independence, Access to Records, Corporation, Owners, Attendance, Meeting, Questions, Report, Decision, Unanimous Consent, Ownership, Watchdog, Governance, Financial Position.




Source Citation: 
Rod Escayola
Who decides whether the condo auditor is to attend the AGM?
October 4, 2022
https://condoadviser.ca/2022/10/who-decides-whether-the-condo-auditor-is-to-attend-the-agm/condo-law-blog-Ontario
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