Most Community Associations need a Certified Public Accountant (CPA) to perform the required compilations, reviews, and audits. Depending on the gross revenue and the amount of existing homes under the organization, you maybe required by the State of Florida to hire a CPA.
For several years, Mapili CPAs has lead the industry in assuring the community associations receive only the best support.
Community Association Services
Compilations - Obtaining information from management in an effort to prepare financial statements. A compilation does not provide assurance that the statements are fairly presented. Financials are formatted in order to be easily read by outside sources.
Reviews - Inquiries and analytical procedures are conducted, providing limited assurance on the financial statements. A review is a mid-level assessment performed by an independent accountant.
Audits - An examination, on a test basis, in accordance with generally accepted auditing standards, providing reasonable assurance that the financial statements are free of material misstatements. An audit is a formal examination of an organization's accounts or financial situation.
Call one of our community association financial representatives at: