61B-76.0062 — Transition Financial Statements; Turnover Audit

Florida administrative rule 61B-76.0062 establishes requirements for transition financial statements and turnover audits in community associations.

The rule requires associations to prepare transition financial statements upon change of control or management transition and to conduct a turnover audit to verify the accuracy of financial records and reserve fund status at the time of transition. The rule specifies the content, timing, and certification requirements for these financial documents.

Community associations subject to Florida's accounting and financial reporting requirements under Chapter 61B-76.

Effective December 20, 1995.