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Ready for your Annual General Meeting (AGM)?
Did you know your membership doesn’t need to approve your audited financial statements? Fact! If you check your provincial co-op act, you’ll see that co-ops just have to present the statements, which their members receive for information. So don’t delay your annual filings with the Agency until
Q&A on the AIR for Auditors
Auditor’s Guide to the AIR
Your Insurance and Legal Grow Ops
Under new federal rules introduced in August 2016, landlords have little recourse if a tenant is growing licenced medical marijuana in their unit. There’s a risk, though, that insurance policies will not cover damages from any activities deemed ‘high risk’, and, in most cases, the operation of a
What to Expect from Your Auditor
Very rarely, the Agency becomes aware of fraud in a housing co-op. Red flags can be missed by the board, the members or even the property manager. One way to avoid this is to pay close attention to what your auditor has to tell you.
The auditor’s role is to help ensure that readers of your co-op’s
Pre-audit AIR Checklist
Tip of the Month
Capital Reserve Balance
61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.