Your condo’s annual audit, ready for your AGM.
- Fixed fee, agreed before work starts
- We handle the handover from your current auditor
- Plain-language summary for directors
- Reply within one business day
Built around the people who touch every condo audit
Board directors
Confidence, without the jargon. We explain what the statements say, what we found, and what the board needs to approve.
Property managers
One request list, no surprises. A single checklist before year-end, one contact, and fieldwork scheduled around your other buildings.
Management companies
Consistent across your portfolio. Same process, same file structure, predictable timing for every corporation you manage.
Everything your corporation needs at year-end, from one firm
Annual condominium audit
Financial statement preparation
Reserve & operating fund review
T2 corporate tax return
T1044 filing, where applicable
Transition from your existing auditor
Year-end planning & document requests
Not sure which services apply?
Tell us the number of units and your year-end. We will scope it for you.
How your audit works, step by step
No accounting jargon, no mystery. Here is exactly what happens from your first email to your finished statements.
Request a proposal
Tell us about your corporation: units, year-end and current situation. We reply within one business day.
Approve a clear, fixed-fee proposal
One page, plain language, no surprises. Your board can review and approve it at its next meeting.
We gather the documents
A short checklist goes to your property manager. Most of it, they already have on file.
We complete the audit
Efficient fieldwork and quick answers to questions, with minimal disruption to your manager’s day.
You get answers, not just statements
We walk your board through the results in plain language and stay available for questions, before and after the AGM.
Changing auditors takes one board decision. We handle the rest.
Condo accounting has its own rules. We work with them every day.
A general firm can audit a condo. A condo-focused firm already knows where the questions are, so your manager gets fewer emails and your board gets fewer surprises.
We audit residential, commercial and industrial condominium corporations, as well as shared facilities corporations.
Answers in plain language
The questions boards and property managers ask us most, answered without the accounting-speak.
Does our corporation legally need an audit?
Yes, in almost every case. The Condominium Act, 1998 requires owners to appoint an auditor and requires audited financial statements to be presented at each AGM. The main exception is a corporation with fewer than 25 units where all owners consent in writing to not appoint an auditor.
How much does a condo audit cost?
It depends mostly on the number of units, how many bank and investment accounts the corporation has, and how organized the year-end records are. Your proposal states one fixed fee covering the audit, statements and T2. If something unusual comes up, we talk to you before doing any extra work.
How long does the audit take?
Fieldwork usually takes one to two weeks once the books are closed. From year-end to signed statements is typically two to four months, which leaves time for the AGM notice period.
What will you need from our property manager?
The usual year-end package: trial balance and general ledger, bank and investment statements, the budget, board minutes, major contracts, the reserve fund study, and a list of owner arrears. We send a dated checklist before year-end.
We’re unhappy with our current auditor. Is switching awkward?
Not at all. Changing auditors takes one board decision, and owners appoint the new auditor at the AGM. We give you the motion wording. Your records, your bank and your manager stay exactly the same, and we request the prior auditor’s files and opening balances, so nothing has to be rebuilt.
Do you attend our AGM or board meetings?
On request, yes. We walk the treasurer and board through the statements before they approve them, and at the AGM we can briefly present the results and answer owners’ questions.
Have a question we didn’t answer? Ask a condo audit question