2.12 Annual Audit, Review of Planned Communities

• Jurisdiction: Arizona

§ 2.12 Annual Audit, Review of Planned Communities

A.R.S. § 33-1810 requires all planned communities to conduct an annual formal review of the planned community’s finances. It requires that the board of directors provide for an annual audit, review or compilation of the association. The audit, review or compilation must be completed no later than 180 days after the end of the planned community’s fiscal year. Once completed, the audit, review or compilation must be made available to the owners upon request...