Several states have already passed laws regulating the licensing of association managers and other states have been considering legislation. Now, one county of Maryland is taking things a step further. Effective January 1, 2016, Montgomery County is requiring that board members receive training and certification. All residential common ownership communities, including homeowners’ associations, condominiums, and…
Differentiating Audit Bids A general rule of thumb when an accounting firm estimates the fee for an association audit, the main factor they consider is the time they must commit to complete the service requested by the association. The audit fee is then dictated by their hourly rate and the amount of time they will have…
The holidays are always a joyful time in which you commune with family members and have a peaceful break the from the corporate world. But, the holiday season also marks a much less alluring time in association accounting- year-end. If you’re not familiar with the industry you may be wondering what the commotion is all about.…