Does Pennsylvania law require Condo HOA’s to do an annual outside audit?
The Pennsylvania Uniform Condominium Act currently does not require audits after the developer has transitioned control to the homeowners. However, there may be audit requirements depending on the type of corporation you have (for-profit, non-profit, or unincorporated). It is best to check which type of corporation your condo is organized as and then check the state requirements for audits for that type.
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