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Why I Like to Talk to Condominium Owners

Edmund Leong
Publication date:
April 1, 2021
Article Summary: 

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.


Condominium Owners, Communication, Trust, Respect, Auditors, Financial Reporting, Audit Risk, Transparency, Financial Objectives, Contingent Liability, Borrowing Bylaw, Financial Statements, Condominium Culture.

Source Citation: 
Edmund Leong
Why I Like to Talk to Condominium Owners
April 1, 2021
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