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state audit requirementsNov 18, 2014

i notice that the yearly audit footnotes on its accountability has changed twicw ivwe the years, it seems like the auditor is distancing itself from the coop, and lowering its accountability.
Is there a requirement for the type of audit and standards or can they tailor the audit to fit the reported numbers?

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Audit Requirements - David Agoglia, CPA Feb 03, 2015

My CPA firm specializes in the audits of cooperative housing corporations and condominium housing associations. We make sure that we stay up-to-date on all audit and disclosure requirements. The financial statements are the responsibility of management (including the Board). The auditor's role is to issue an opinion on the financial statements. This opinion offers assurance that the financial statements are free from material misstatements. Our firm assists management in drafting the financial statements to meet all requirements. Please feel free to learn about my firm and to contact me. My firm is Prisand, Mellina, Unterlack & Co., LLP and our website is www.pmucpa.com.

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