Year-End Audit Checklist
Comprehensive checklist for year-end financial review, insurance renewals, and planning.
About This Template
Year-end is a critical time for HOA boards to review the past year and prepare for the next. This comprehensive checklist covers financial reconciliation, insurance review, contract evaluation, governance updates, and planning tasks.
The checklist ensures nothing falls through the cracks during the busy year-end period. It covers required tasks like financial statement preparation and optional best practices like reviewing vendor performance.
Completing this checklist positions your board for a strong start to the new year with accurate financials, current insurance, and a solid plan for community improvements.
What's Included
- Financial review and reconciliation tasks
- Insurance policy review checklist
- Vendor contract evaluation
- Governance document review
- Next year planning tasks
- Record retention reminders
- Tax preparation notes
How to Use This Template
- 1Begin working through the checklist in November
- 2Assign tasks to appropriate board members or management
- 3Set deadlines for each section
- 4Schedule any required vendor meetings
- 5Review insurance before renewal deadlines
- 6Complete financial reconciliation before year-end
- 7Use findings to inform next year's budget
Who Should Use This
- HOA treasurers managing year-end financials
- Board presidents overseeing annual review
- Property managers preparing annual reports
- Communities wanting to improve governance
Frequently Asked Questions
Requirements vary by state and community size. Your CC&Rs may require audits above certain budget thresholds. Even if not required, periodic audits or reviews are best practice.
Free Download
PDF Document
No email required. Instant download.