Does a Condominium Audit Require Owner Approval

by Joseph Adams

Q: My condominium association has a budget of less than $300,000.00 per year. At a recent board meeting it was stated that the association plans to have an audit of the association’s finances. I understand that the Florida Statute would not require our association to have audit and there was no owner vote taken authorizing such expenditure. Is this appropriate? (G.R., via e-mail)

The post Does a Condominium Audit Require Owner Approval first appeared on Florida Condo & HOA Law Blog.

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