2) Management Company Transition:
Standard Washington Audit Requirements:
four “New Act” Condominiums (7/1/90): “Old Act” Condominiums: Requires an audit once a year for all condominiums. However, attorneys have advised that the Old Act defaults to the New Act requirements, UNLESS the Old Act Association’s governing documents require an audit.
Homeowners Associations: WUCIOA (7/1/18): Note that if a pre-7/1/18 Association “opts in” to WUCIOA, then this audit requirement would apply.
WHAT does the CPA do in an HOA audit?
segregated
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