The purpose of this form is to notify the association board and members that the association has met its requirement to complete an annual audit. The internal audit should produce clear, constructive and concise writing based on sufficient and reliable evidence which should state the scope, purpose, extent and conclusion of the audit, make recommendations which are relevant and follow from the conclusion and acknowledge the action taken proposed by management. It should be signed by audit committee chairman or outside auditor and the firm name should be given clearly.
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Audit Report Form
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