Why I Like to Talk to Condominium Owners

The author discusses the importance of open communication between condominium owners and auditors, emphasizing the benefits of transparency, trust, and respect in fostering a better understanding of the condominium's culture, financial objectives, and audit risk. The author encourages direct communication with owners to gather valuable information about the building, potential issues, and future projects, which can help minimize audit risk and improve financial reporting. The article highlights the role of auditors in providing unbiased information and explanations to owners about financial matters and notes that building a strong level of trust and respect with owners enhances the auditor's overall outlook on their career.