Auditing of financial statements - owners corporation managers

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You must keep financial records to enable prescribed owners corporations to have their financial statements audited at the end of each financial year.

All other owners corporations can choose whether or not they want an audit.

Statements must be audited by:

  • a registered company auditor 
  • a firm of registered company auditors 
  • a person who is a member of CPA Australia, the Institute of Chartered Accountants in Australia or Institute of Public Accountants, or 
  • any other person approved by the Director of Consumer Affairs Victoria.