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title: Financial Statement Reporting | Condominium Associations & HOAs | ACM | Financial Reporting
description: Florida law requires condominium and homeowner associations to comply with financial statement reporting based on their revenue size. As long-standing, trusted advisor and accounting solution provider, ACM CPAs offers the expertise you need for your organization. Learn more.
---

# Condominium and Homeowner Associations

Florida law requires that condominium and homeowner associations with greater than $150,000 in total annual revenues prepare financial statements compiled by a Certified Public Accountant.  Associations with greater than $300,000 in total annual revenues must prepare reviewed financial statements and associations with greater than $500,000 in total annual revenues must prepare audited financial statements.

ACM has been preparing audited, reviewed, and compiled financial statements for organizations of all sizes for more than 25 years.  We have extensive experience preparing them for residential condominiums, commercial condominiums, and homeowner associations.  We perform these engagements for small individual associations to large master associations and everything in between.  We also have extensive experience in the preparation of tax returns for associations.

 

In addition to these services, we offer advice and consulting for internal control assistance, assistance with monthly financial reporting package preparation and help these associations remain in compliance and reduce the risk of fraud or malfeasance, which happens to be a common concern for condominium and homeowners' associations.

![Condo Associations](https://www.acm.cpa/hs-fs/hubfs/Condo%20Associations.jpg?width=3000&height=1684&name=Condo%20Associations.jpg)

 

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