Audit and Assurance Services for Florida’s Community Associations
Serving HOAs, condominiums, and community associations across Florida with an approach that respects your time and delivers findings your board can act on.
Community associations operate in an environment where financial transparency isn’t optional—it’s expected by unit owners, boards, management companies, and regulators alike. Coastal Clarity Group provides assurance services specifically designed for HOAs and condominium associations, with a modern approach built around efficiency, clarity, and practical value.
Communities We Serve
- Single-family homeowners associations
- Condominium associations
- Townhome and villa communities
- Mixed-use developments
- High-rise condominium associations
- Resort-style and amenity-rich communities
- Developer-controlled associations and associations in transition
- Master associations and sub-associations
What Florida Law Requires
Florida Statutes 720 (HOAs) and 718 (Condominiums) set financial reporting requirements based on annual revenues:
| Annual Revenue | Required Reporting Level |
|---|---|
| $500,000 or more | Audited financial statements by an independent CPA |
| $300,000 – $499,999 | Reviewed financial statements |
| $150,000 – $299,999 | Compiled financial statements |
| Under $150,000 | Report of cash receipts and expenditures |
Associations with 1,000+ parcels must have an audit regardless of revenue. Associations cannot waive to a lower reporting level in consecutive fiscal years. Reports must be completed within 90 days of fiscal year-end. Starting January 1, 2026, condos with 25+ units must post year-end financials on their website.
What We Focus On
Our experience means we know where the important issues tend to surface.
Reserve Fund Adequacy
We evaluate whether reserve balances and funding plans align with the reserve study and long-term maintenance obligations. Underfunded reserves are one of the most consequential issues we encounter.
Assessment Collection
We review collection rates, aging of receivables, and adequacy of allowances for uncollectible accounts—areas that directly affect cash flow and operating budgets.
Management Company Oversight
For associations using third-party management, we assess controls over cash handling, vendor payments, and financial reporting accuracy.
Insurance Coverage
We review insurance policies relative to governing document requirements and Florida statutory minimums, identifying gaps that could expose the association to risk.
Budget Variances
We analyze budget-to-actual performance to surface trends requiring board attention, from unexpected maintenance costs to revenue shortfalls.
Developer Turnover Audits
For associations transitioning from developer control, we conduct the financial review that ensures a clear accounting of the developer’s management.
How We Work
We built our HOA audit process around one principle: your management team and board members have enough on their plates without an audit that adds unnecessary burden.
Our modern audit technology allows us to analyze financial data more efficiently, test larger volumes of transactions, and identify patterns that manual methods may overlook. That means fewer document requests, shorter fieldwork periods, and a more thorough engagement overall.
Throughout the process, we communicate clearly and frequently—with your management company, your board treasurer, or both—so there are no surprises when the final report is delivered. And when we present findings, they’re written in plain language that board members can understand and act on.