Condominium and timeshare associations in Hawaii are subject to stringent state laws. Hawaii AOAOs with more than twenty units are required to have a public accountant perform an annual audit of the association’s financial accounts and at least one annual unannounced cash verification.
In performing hundreds of audits for AOAO and Timeshare Associations, we have developed a comprehensive understanding of the audit and tax issues unique to these entities. We are committed to helping homeowner’s associations throughout Hawaii meet their financial reporting requirements.
With clients on Maui, Oahu, the Big Island, Kauai, and Molokai, we are capable of providing audit and tax services throughout the entire State of Hawaii. Our participation in the AICPA’s peer review program ensures that our services and quality control meet the highest professional standards.
Contact us today to receive a proposal for your next year-end auditing & tax engagement. A full list of references is available upon request.
A financial statement audit provides the highest level of assurance that your organization’s financial statements are presented fairly, free of materialmisstatements, and in conformity with accounting principles generally accepted in the United States of America. An annual audit is required in the State of Hawaii for Condominium Associations with more than twentyunits. Our audits are conducted in accordance with Generally Accepted Auditing Standards issued by the American Institute of Certified Public Accounts.
Tax services for rental pools and homeowner, timeshare, & condominium associations include:
Reviews are less comprehensive than an audit and provide limited assurance about an organization’s financial statements. Our reviews are conducted in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accounts.
Compilations are appropriate if you need financial statements for your own internal use or for limited use by third parties. Since we generate financial statements using information you provide, we do not express an opinion or provide assurance for compilation engagements. Our compilations are conducted in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accounts.