---
title: Can our new HOA get a developer transition audit?
description: "Where can I learn about the meaning and scope of a transition audit. One CPA firm said it was getting audited opinions for prior years \"Review prepared\" financial statements. That can't be correct. Its gotta be more of a special accounting review (sort of forensic) of developer books and records by an accounting firm well versed in Transition matters"
image: http://www.condoassociation.com/hubfs/condo-audit.bmp
---

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# Can our new HOA get a developer transition audit?

| [Condo Developer Issues](https://www.condoassociation.com/blog/topic/condo-developer-issues) |  

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## What do you think? Question:

Where can I learn about the meaning and scope of a developer transition audit. One CPA firm said it was getting audited opinions for prior years "Review prepared" financial statements. That can't be correct. Its has to be more of a special accounting review (sort of forensic) of developer books and records by an accounting firm well versed in transition matters.

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## What do you think? Answers (1)

#### What are your thoughts on this topic?

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### [Does condo association really need an annual audit for $3K?](https://www.condoassociation.com/blog/tabid/19257/bid/100676/does-condo-association-really-need-an-annual-audit-for-3k.aspx)

### [Are there accounting requirements for large condo associations?](https://www.condoassociation.com/blog/are-there-accounting-requirements-for-large-condo-associations)

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