Community Administrator
I just noticed that there are new financial audit forms in MLS 3.1. The MLS 3.1 release notes mentioned that there were new international audit forms for units outside the US/Canada, but there was no mention of the revamped audit forms for US/Canada.
Here are some of the changes to the forms that I noticed:
Here are some of the changes to the forms that I noticed:
- The FHC audit is unchanged, but the Stake and Ward audits have been revamped.
- The Instruction section is greatly expanded with pictures and a deeper explanation of the organization, process, and in particular the particular responsibilities of each person involved in the process.
- For deposits and expenses that are tested for accuracy and completeness, the auditor is now required to fill out a worksheet that lists each item that was tested.
- We now are required to send in all of sections 2, 3, and 4, which means that we are sending 7 pages instead of 2, so even if we send it on double-sided copies, that means 4 sheets of paper per unit instead of 1.
Questions that can benefit the larger community should be asked in a public forum, not a private message.