Audit Requirements for Florida HOAs

Question:

Can a homeowner demand the HOA conduct a financial audit by an outside company?

– Greg

 

Answer:

Hi Greg,

In Florida, only an HOA with total annual revenues of $500,000 or more is required to prepare audited financial statements every year. That being said, you can check your governing documents to see if there are special reporting or audit requirements for your association. You may be able to request an audit depending on your bylaws and CC&Rs.

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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