Independent assurance for homeowners and condominium associations.
Audits, reviews, and compilations with direct CPA attention, a clear request list, and an agreed schedule.
Prefer to talk first? Call 754-354-3231,
Monday to Friday, 9:00 AM to 5:00 PM ET.
Four levels of report, each named the standard way.
The name of the service tells the board, the members, and any lender how much the CPA examined. We use the standard terms every time.
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Audit
Reasonable assurance
An opinion on whether the association's financial statements are fairly presented, in all material respects. Includes confirming balances with the banks and testing transactions against invoices and contracts.
What an audit includes -
Review
Limited assurance
Limited assurance based primarily on inquiry and analytical procedures. No bank confirmations and no transaction testing.
What a review includes -
Compilation
No assurance opinion
Financial statements presented in a professional format, without an assurance opinion.
What a compilation includes -
Report of cash receipts and expenditures
Under $150,000 in revenue
The report Florida law sets for smaller associations: receipts and expenses shown by account and classification.
What the report shows
We also prepare the association's federal income tax return alongside the engagement. Compare all four levels
The report Florida law requires.
Total annual revenue sets the minimum level of year-end financial reporting. The tiers are the same for homeowners' associations and condominium associations.
Minimum year-end report
Result: Enter the association's total annual revenue.
Section 720.303(7), Florida Statutes
The tiers are the same for homeowners' and condominium associations. Governing documents, a lender, or an insurer may require a higher level.
| Total annual revenues | Minimum year-end report |
|---|---|
| Under $150,000 | Report of cash receipts and expenditures |
| $150,000 to less than $300,000 | Compiled financial statements |
| $300,000 to less than $500,000 | Reviewed financial statements |
| $500,000 or more | Audited financial statements |
| HOA with at least 1,000 parcels | Audited financial statements, regardless of revenue |
What the board can expect.
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The CPA you meet does the work.
Scott Grissom plans, directs, reviews, and signs every report. The board is not handed to a junior team after the proposal is accepted.
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One request list, sent in full.
Everything we need is on it at the start, organized by who holds the records. Nothing is added later unless something in the records raises a question.
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A schedule agreed before work begins.
The proposal sets the dates for fieldwork, the draft, and the final report, so the board can plan its meetings around them.
How an engagement runs.
Shown for a December 31 year end. The work is planned back from the 90-day deadline, and most of the early steps sit with the board and the manager.
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Engage before year endEngagement letter signed and returnedOctober to November, board
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Close the booksReconciled, coded to funds, ledger closedJanuary, manager or bookkeeper
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Deliver the document packageOne delivery against the request listJanuary to February, manager
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FieldworkQuestions raised as they come upFebruary, CPA
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Draft, representation letter, final reportBoard reviews; designated officers signFebruary to March, CPA and board
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Report delivered to membersWithin 21 days of completionApril, association
- Board and manager
- CPA
- Delivery window
- Dec 31: fiscal year end
- Mar 31: report complete (90 days)
- Apr 30: HOA delivery limit (120 days)
Dates shown for a December 31, 2026 year end. A condominium association has until 180 days after year end to deliver the report. Bylaws may set an earlier date.
For community association managers
The audit should not become another project you manage.
You coordinate the engagement, and you hear about it when it drags. We keep it predictable.
- The complete request list at the start, split into governance records and the accounting package
- A schedule agreed at the proposal stage
- Open items raised as they arise, not saved for the end
- The same CPA as your point of contact every year
The principal
R. Scott Grissom, CPA, MBA
Scott built the firm around one line of work: assurance engagements for Florida community associations.
He plans, directs, reviews, and signs every report the firm issues. The CPA in the proposal meeting is the same person answering questions in February and the same person whose name is on the report.
Member of the American Institute of CPAs (AICPA), the Florida Institute of CPAs (FICPA), and Community Associations Institute (CAI).
Request a proposal
Tell us about the association.
Send the association's total annual revenue, fiscal year end, and the level of report it filed last year. We will confirm the level Florida law requires and send a fixed-fee proposal.
Or call 754-354-3231
Monday to Friday, 9:00 AM to 5:00 PM ET