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| BCC's Auditor |
So, the BOD in its wisdom has picked a
new accountant "based on the advice of our auditor." Isn't this the
same bargain basement, bottom dwelling auditor who has over looked so
many weird accounting gimmicks and failures in the past? Anybody know if the June maintenance payment goes to the same old address?
Reprinted from the Original of Thursday,
July 16, 2009
BCC budgets $6,000 for our audit.
While the BOD may be happy with the auditor’s performance, BCC owners should
demand more than the lame audit we got. “Audited” and “Auditor” is in quotes
throughout this blog because of the quality of the product we received.
The purpose of the audit is to
protect BCC owners whose money is being reported on. It is supposed to assure
us that the BCC Board of Directors are properly controlling and accounting for
our $2 million+ in annual maintenance fees.
This 2008 “Audit” doesn’t do it!
It’s time to insist the BOD engages an auditor who realizes his responsibility
is to BCC owners, not the BOD. Owners need and deserve an audit that highlights
problems and suggests solutions, not one that glosses over mistakes and
attempts to bury them with “prior period adjustments”.
Bernie Madoff’s outfit was
"audited" too!
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