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Condos and HOAs: Advanced Accounting, Auditing and Other Issues (CHA8OS)

 
Facility:
CPE Credit:8.0 Accounting and Auditing
Vendor:Florida Institute of CPAs
Course Level:Advanced

Description:

The following course is an on-site training event.

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.

This course is available in a 4-hour condensed presentation of 4 accounting and auditing hours (CHA4) or may be presented along with the “CIRA Update Course” resulting in an invaluable two-day combination.



Objectives:
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 reporting, reserve and turnover situations for residential and commercial condominium associations (condos) and homeowners’ associations. The newly issued state statutes for associations regarding reserves and turnovers will also be covered.

Major Topics:

The major topics of this course include:

  • 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) and other related compilation and review standards, OCBOA and interim situations, professional ethics and related matters, state statutes and rules updates and analysis
  • 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)
  • Audit, review and compilation considerations for engagement management, audit programs, practice aids, disclosures and fund reporting
  • Documentation issues from SSARS 21 and related documentation
  • Turnover and transition problems
  • Tax matters relating to accounting issues
  • Related case studies, exhibits and examples


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



Prerequisite:
Knowledge of the Common Interest Realty Association (CIRA) Industry


Note:

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.


Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.