Categories
BC BoD Property MISmanagement

Unaudited Financial Statements

Homeowners received an email that 2021 financials had been audited by an independent CPA and a copy of the report was attached to the message.

The audit report is seen in the file titled FS AND AUDIT RESULTS(1).pdf.

It looks like there is an account with over $2M dollars at Berkley Court, as of December 2020.

Note: This is the only page highlighted in the entire report by the CPA.

Why has this account not been audited? Why are owners being subjected to an illegal rate increase when there seems to be a fund in place that is intended to replace common area elements?

The self-appointed directors and the association management company are completely unaware of what this references. If the auditor that completed the report highlighted this in yellow, how is it that no one thought to look into it as the report itself is over 7 months old?

Owners beware, these are the folks managing your money and your investments!!!