WHY YOU NEED A CPA AND HOW TO FIND ONE
Every homeowners' association (HOA) should have a certified public accountant
(CPA) for proper financial management—especially during tax season. CPAs can
help prepare tax returns, compile an HOA's financial statements and relevant
reports, review and analyze those statements, and audit for accuracy.
While many community associations are legally required to maintain credible and
timely financial statements, it's a board of directors' fiduciary duty to act in the best
interest of the association and maintain its financial health.
To find the CPA that best suits your needs, your board must first draft and
distribute a request for proposal (RFP), a formal document that requests a bid for
accounting services. At Associa, our community managers have long provided
RFPs to engage CPAs. We advise that your document include essential details
about your community and its needs, expectations, and requirements. To help you
find a CPA for your association, we've drafted this sample RFP, which you can use
to solicit bids and information from your accountant candidates.
Enter the information specific to your association in the appropriate fields.
