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AUDIT SERVICES FOR COMMUNITY ASSOCIATIONS

Providing Clarity and Confidence in Financial Reporting

At Griffin Group CPA, we specialize exclusively in audit services for community associations, including HOAs, condominiums, and mixed-use developments. Our dedicated focus ensures that your association’s financial statements are accurate, transparent, and compliant with all relevant standards.

Why Choose Griffin Group CPA?

  • Specialized Expertise: Our team is well-versed in the unique financial and operational aspects of community associations.

  • Nationwide Service: We serve associations across the country, bringing consistent quality and reliability.

  • Streamlined Process: Our efficient approach minimizes disruption and delivers timely results.

Our Audit Process

We follow a structured methodology to ensure thoroughness and efficiency:

  1. Engagement Initiation: We begin with a clear agreement outlining the scope and objectives of the audit.

  2. Document Collection: Our team gathers necessary financial documents, including:
Financial statements



 

    • Bank and investment reconciliations

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    • Aged receivables reports

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    • General ledger and post-year-end reports


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    • Vendor invoices


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    • Reserve studies


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    • Governing documents (Bylaws, CC&Rs)


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    • Prior audit reports and adjustments
  1. Audit Execution: We conduct the audit in accordance with Generally Accepted Auditing Standards (GAAS), performing risk assessments and substantive testing to obtain reasonable assurance that the financial statements are free from material misstatement.
  2. Board Review: Upon completion, we present the draft audited financial statements, including:
    • Auditor’s opinion
    • Balance sheet
    • Statement of revenues and expenses
    • Statement of cash flows
    • Footnotes and supplemental information

       

  3. Final Reporting: After incorporating feedback, we issue the final audit report along with a management letter and any necessary internal control reports.

Representation Letter

As part of the audit process, we require a representation letter from the association’s management. This letter confirms the accuracy and completeness of the information provided and is a standard component of audit evidence.

Ready to Get Started?

Partner with Griffin Group CPA for your community association’s audit needs. Our specialized expertise and commitment to excellence ensure that your financial reporting is in trusted hands.

Request a Proposal