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By CondoAssociation.com • August 25, 2020

Are HOA financial audits required in New Jersey?

We have a 9 unit condo association in Wildwood Crest, New Jersey.  Does New Jersey state law require an audit? We send out monthly statements of Operating & Reserve accounts and are small enough that a formal audit seems a waste of funds that could be used for future storm damage or other costs.
 

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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