Mobile Edition

Condos and HOAs: Advanced Accounting, Auditing and Other Issues (4 hour) (CHA405)

Date:Wednesday, December 13, 2017
Time:1:00pm - 4:30pm
(Registration at 12:30pm)
Facility:Crowne Plaza Fort Lauderdale, Fort Lauderdale
CPE Credit:4.0 Accounting and Auditing
Instructor: Cecil Patterson Jr., CPA,MBA
Vendor:Florida Institute of CPAs
Course Level:Advanced
Early Bird Price:$150.00 FICPA Members, $215.00 Non-Members
Regular Price:$205.00 FICPA Members, $270.00 Non-Members on 11/13/2017

This presentation provides a 2017 review of the most difficult and frequently found accounting, audit, review, compilation, and preparation in Common Interest Realty Associations (CIRAs)? This program reviews new audit reports, SSARS 21, SSARS 22, and SSARS 23 for preparation, compilation, and review engagements, engagement letters, reporting, reserve issues,  and turnover situations for residential and commercial condominium associations (condos), homeowners’ associations, time-shares, and cooperatives. It  covers new state statutes and FACs for Homeowners' Associations (HOAs) and Condominium Associations. Issues include bad debts and budgeting in a recession period. This course also discusses the status of the CIRA Guide and what is authoritative GAAP.

To provide participants with an accelerated review and examination of the most difficult and frequently found accounting and auditing issues in Common Interest Realty Associations (CIRAs). These issues include new  SSARS 21, 22, and 23 reporting, reserve and turnover situations for residential and commercial condominium associations (condos) and homeowners’ associations. New issued state statutes for associations regarding reserves and turnovers will also be covered.

Major Topics:
  • Update on professional pronouncements and standards that directly relate to CIRAs. These pronouncements and standards include FASB Statements (the new Codification   References) and other accounting matters
  • Clarified SASs and other auditing standards including the new audit report,  SSARS (including SSARS 21, 22, and 23) and other related preparation, compilation and review standards
  • OCBOA and interim situations, professional ethics and related matters
  • State statutes and rules updates and analysis for Florida
  • Common property accounting, reporting and disclosure issues
  • Future repairs and replacement accounting (reserve issues) such as financial statement reporting, note disclosure and reserve methods (including pooling method)

Who Should Attend:
Professionals with an interest in Common Interest Realty Association (CIRA) accounting, auditing, review, compilation, and preparation issues including those in public practice, real estate management and accounting; professional employees in the CIRA industry; residents, officers and board members; and professionals with an interest for clients, friends or relatives who are connected with CIRAs.

Knowledge of Common Interest Realty Association (CIRA) Industry


FICPA EZMaterials! As of April 1, 2017, the FICPA will be going completely green and paper manuals will no longer be available. You will be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. Click here for more information.


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Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.