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The implementation of procedures by a Chartered professional accountant (holder of a public accounting permit) to ensure that the financial statements of the syndicate of co-owners are exempt from significant deviations and that they represent faithfully the financial situation. The objective intended is to allow the accountant to issue an opinion on the faithfulness of the financial statement of the syndicate of co-owners. The audit offers the highest degree of reliability of financial information.
01/03/2022
In theory, your co-ownership doesn't necessarily need a Chartered Professional Accountant to present its financial information, whether it's financial statements, financial forecasts or financing applications. Competent administrators or a manager could do the work and present the required financial information well. However, the need may arise if the co-owners have doubts about…...
09/08/2022
Question: We would like to know if the law requires having our syndicate’s financial statements audited by an accountant....