61B-22.0062 — Transition Financial Statements; Turnover Audit

Rule 61B-22.0062 established requirements for transition financial statements and turnover audits for community associations.

The rule requires associations to prepare transition financial statements and conduct turnover audits upon change of management or board transition. The rule specifies accounting standards and documentation requirements for financial statements prepared during transition periods.

Community associations (condominiums, homeowners associations, cooperatives, and timeshares) subject to Florida Administrative Code Chapter 61B-22.

Effective June 24, 2004.