Forums Strata Committees Current Page

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    Flatchatter

      Hi all, I’m an owner in a scheme of less the 30 units in NSW

      At last AGM 2018 when  Appointment of Auditor was discussed and resolved, the Secretary/ Treasurer nominated himself to perform the Audit. He had done so the previous 2 years for free!!. At the time I pointed out that this could be a conflict of interest as it is my understanding that a Treasurer cannot audit their own records. But the Treasurer claimed it would be expensive and so convinced everyone to appoint him as Auditor again. So it was resolved that he Audit the accounts.

      As there had been cash out of pocket expenses paid to himself without receipts the previous year I didn’t think this was wise. There was a resolution passed under financial matters that was resolved that cash payments- no payments made without receipt or invoices

      The Financial records just released again pre AGM 2019 document again that out of pocked cash payment to himself had occurred again despite a resolution prohibiting it. But to add insult , the Treasurer charged the OC $1000 for Auditing and this was not approved at a committee meeting . It came as a shock to committee members who didn’t see any invoice.  On investigation  it was not a formal invoice, just a quick email to strata manager from Treasurer. Also there is no structure to report.  Its is a brief half page and it just refers to what a great job he does as Treasurer ?

      Thus it appears that the Treasurer is perhaps not qualified to perform an Audit ?

      Thus my questions 1) What are the standards of auditing  of Strata Records ?

      2) What are the qualifications required to be an Auditor and to charge for this.

      3) Is it against the law or any act to claim to be an Auditor  if you are not qualified to do so ? can you report it ?

      Thanks

    Reply To: Can the SC treasurer be paid to audit the accounts?
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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