Specialized Condominium Sector Practice
Audited financial statements are integral when assessing the financial standing and long-term viability of condominium corporations. An efficient audit plan, backed by extensive industry and regulatory knowledge, helps property managers and boards of directors keep their financial governance on track.
Our condominium services practice provides full-service financial statement audits, reserve fund analysis, and advisory support on tax implications and annual compliance filings.
Sector Capabilities
Condominium Financial Statement Audits
Conducting independent annual audits in strict adherence to the Condominium Act and Canadian Auditing Standards, providing clear, transparent reporting to unit owners and board members.
Reserve Fund Management & Analysis
Analyzing reserve fund contributions against statutory study recommendations to ensure adequate funding for long-term capital repairs without unexpected special assessments.
Board & Property Manager Support
Assisting boards with annual budget review processes, internal control procedures over common element fee collections, and contractor disbursement verifications.