HOAs / Audits

Since 1972, we have prepared over 6,000 audits, reviews, compilations and tax returns of homeowners associations, working with over 100 management companies throughout California.

Audit/Review/Compilation

	Audit report in accordance with the AICPA Audit & Accounting Guide for Common Interest Reality Associations (CIRA Guide)
	If your Association does not require an audit, we can prepare a financial review or compilation
	Preparation of accrual basis financial statements, operating vs. reserve funds and two year comparative reports
	Management Advisory Letter - Standard financial recommendations to help the Board and management company meet fiduciary duties more effectively. If reportable conditions or material weaknesses exist, they are disclosed in this letter.

Income Tax

We are very familiar with all of the technical requirements of HOA taxation and provide the following tax services:

	Federal Form 1120 or 1120H as appropriate, California Forms 100 and Form 199
	Form 990 if applicable
	Tax Filing Instructions, Due Dates, Estimated Tax coupons, envelopes

A partial list of California Civil Code sections relevant to HOAs:

	1363 - Definition of Common Interest Development and Associations
	1363.05 - Common Interest Development Open Meeting Act
	1363.5 - Required Documents
	1365 - Financial Records & Reporting
	1365.5 - Operating and Reserve Accounts
	1365.2.5 - Assessment & Reserve Funding Disclosure Summary
	1365.7 - Volunteer Officer or Director Liability
	1365.9 - Insurance Coverage
	1366 - Levy of Assessments
	1368 - Documents to be provided to new homeowners