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Protecting Your HOA from Fraud and Embezzlement

Unfortunately, fraud happens in homeowners associations. No strategy will guarantee that your HOA won't be a victim of theft or embezzlement, but your board can take reasonable steps to reduce the opportunity for fraud. By implementing a system of controls, adopting certain policies, properly reviewing your bank statements, and conducting reviews with a CPA, your association can work to prevent fraud

How to Review Bank Statements and Monitor Your HOA's Money

One of the most timely and efficient ways to keep track of association financial accounts is to properly review and reconcile bank statements. This includes implementing safeguards against fraud, monitoring operating and reserve fund accounts, and examining the activity in your homeowners association's funds

3 Reasons Why Your HOA Can't Declare Bankruptcy

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