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Can Florida HOA skip 2019 financial audit to save money?

| Budgets & Finance |  


Question:

Florida condo question. Old Board has never had an owner vote on doing an annual financial audit or review. New Board did a formal audit for calendar year 2018. We would like to skip the expense of doing an audit or review for calendar year 2019 and save the money. Im told that since there was no owner vote at the annual meeting (January 2019) that we have to do at least a review. is that true? What would it take to skip a year based on the new law?
 


Answers (10)

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