HOA Audits Explained: Fraud Risks, Financial Controls, and What Boards Should Watch | Ep. 86

HOA audits play a critical role in ensuring financial transparency and accountability within community associations.In this episode of The Uncommon Area, host Matthew Holbrook sits down with CPA Sam Timothy to discuss how HOA audits work and what boards should pay attention to when reviewing financial reports.They explore how auditors verify cash balances, confirm expenses, and identify irregularities that may indicate fraud or financial mismanagement. The conversation also covers internal financial controls, the purpose of forensic audits, and how tax rules apply to associations.Guest:Sam Timothy, CPATimothy, DeVolt & CompanyLinkedIn: https://www.linkedin.com/in/sam-timothy-c-p-a-3b9b17/Follow The Uncommon Area for expert-led discussions on HOA law, governance, and property management best practices. Rather watch the episode video? Subscribe to our YouTube Channel!Have a topic you’d like covered? Email us at [email protected] or follow us on Facebook, Instagram or LinkedIn.