---
title: What is the point of a financial audit?
description: What is the point of a financial audit for an HOA or association?  Does board need to sign off on it?  Does property manager need to abide by it?
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [What is the point of a financial audit?](https://www.condoassociation.com/blog/what-is-the-point-of-an-financial-audit)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Fri, Aug 23, 2019 @ 02:04 PM

After a few years of doing an annual financial "review' this year we had an audit done. Nothing major came out of the audit and there are just a handful of journal entries the auditor suggests making. Management company does not agree with some of the adjustments . Does the Board have to sign this completed audit? Does the management company have to abide by the findings of the audit? When 2 parties the association is paying disagree how do we make a decision on which is correct? None of the issues or adjustment are major and no pilferage or major problems were found.  Florida

[View full post](https://www.condoassociation.com/blog/what-is-the-point-of-an-financial-audit)

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