Ensuring Financial Compliance for Thriving Community Schemes

Taken from Trafalgar Newsletter | Issue 10 - June 2024

Most of us know that in a body corporate, the annual general meeting (AGM) must be held within 4 months of the financial year-end, and at the AGM, the audited financial statements (AFS) and budget will be presented, and the auditor will be appointed. A similar situation takes place in a homeowners association, except that the time period may differ, and sometimes audits and budgets are not treated the same as in bodies corporate…

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