Overview 8 Credits IN-PERSON Discuss, examine, and teach about the most difficult and frequently found accounting and auditing issues in Common Interest Realty Associations (CIRAs) for 2014. Issues covered are RED Zone issues from professional standards including FASB Updates, Auditing changes and compilation and review changes from SSARS 19 and newly released exposure drafts. The RED Zone issues will include: Report changes, Engagement letters, and Documentation issues for residential and commercial condominium associations (condos), time-share, homeowners' associations, and others. Participants will also hear about independence, Interpretation 101-3 for non attest services performed for attest clients, when to capitalize assets, start-up situations, and transitions (turn-over) between developers and unit owners. Issues involving bad debts, asset recording, and budgeting in a troubled financial period will be discussed. Florida specific issues and changes to the Florida Statutes and Florida Administrative Codes will be covered. Also included will be issues on administration and marketing for the CIRA industry.