Service 01 · Audit
An annual audit your board can understand and approve
The Condominium Act, 1998 requires audited financial statements for owners every year. We deliver that audit on a fixed fee, on a timeline planned back from your AGM, and explain the results in plain language.
What's included
What you get with this service
Audit planning
Scope, timing and fee confirmed before year-end.
Fieldwork
Testing of revenue, expenses, receivables, payables and contracts.
Fund review
Operating and reserve funds checked separately.
Third-party confirmations
Bank and investment balances confirmed directly.
Auditor's report
Signed independent report on the financial statements.
Findings letter
Plain-language notes on anything the board should know.
Why it matters for your condo
For volunteer directors, the audit is the one independent check on how the corporation’s money was managed. A clear audit protects the board, reassures owners, and makes the AGM easier to run.
1 report
Owners receive one independent opinion on the corporation’s finances each year.
6 months
Your AGM deadline after year-end. We plan every audit back from it.
1 question list
Questions come in one consolidated list, not a stream of emails.
What your property manager will provide
We send these as a dated checklist before year-end, so nothing is a surprise.
- Trial balance & general ledger
- Bank & investment statements
- Board minutes
- Budget
- Major contracts
- Reserve fund study
- Owner arrears listing
Common questions
How long does the audit take?
Fieldwork usually takes one to two weeks once the books are closed. From year-end to signed statements is typically two to four months.
Who approves the financial statements?
The board approves the statements. We then sign the auditor’s report, and the package is sent to owners with the AGM notice.
Fixed-fee proposal
Get a proposal that includes annual audits
Two minutes, no documents needed. We reply within one business day.
Next step
An audit your board can follow, delivered before the AGM clock runs out.
Tell us about your corporation and we will send a clear, fixed-fee proposal. No documents needed to start.