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The analysis by a Chartered professional accountant (holder of a public accounting permit) of the financial data of the syndicate of co-owners. The accountant determines if the financial statements and any other declared financial information are credible, which means that they can be relied upon. He thus ensures that the financial statements do not contain irregularities which could indicate that they are erroneous or not in conformity to the current accounting standards. The accountant is generally not required to obtain supporting documents or proof from a third party, no opinion on the exactness of the financial statements of the syndicate of co-owners is given.
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....