Sample Auditor (Audit Board) Report

What Is an Auditor Report?

Under Article 41 of the Condominium Ownership Law (KMK), the board of unit owners elects an auditor or audit board to inspect the management's accounts. The auditor examines the income-expense records, bank statements and sample invoices throughout the period and submits the result to the assembly as a report. This report is the basis of the manager's discharge process.

What Does the Auditor Examine?

• Income records (dues collections, other income)
• Expense records and their conformity with documents
• Reconciliation of the bank statement with the book balance
• Debtor list and follow-up status
• Whether decisions have been implemented

Copyable Auditor Report Sample (Full Text)

……………………… APARTMENT / RESIDENTIAL COMPLEX
AUDIT (AUDITOR) REPORT

Audit Period: …/…/20… – …/…/20…

1. Income Summary:
– Dues income: ………… TRY
– Other income (interest, advertising, etc.): ………… TRY
– Total Income: ………… TRY

2. Expense Summary:
– Personnel (salary + social security): ………… TRY
– Common area electricity/water: ………… TRY
– Lift/maintenance: ………… TRY
– Cleaning/other: ………… TRY
– Total Expense: ………… TRY

3. Cash-Bank Reconciliation:
– Previous period transfer: ………… TRY
– Book balance: ………… TRY
– Actual bank balance: ………… TRY
– Result: Reconciliation ……………… (achieved / not achieved)

4. Debtor List:
– Unit ……: ………… TRY — Unit ……: ………… TRY (Total receivable: ………… TRY)

5. Auditor's Opinion:
The income-expense accounts, bank statements and sample invoices for the specified period have been examined. Financial transactions ……………… (have been found in accordance with procedure / the following deficiencies have been identified: ………). A ……………… (positive / negative) opinion is expressed regarding the discharge of the manager.

Respectfully submitted for the information of the unit owners. …/…/20…

Auditor / Audit Board
Name Surname – Signature

Filling Guide

Write the figures by verifying them with documents and the bank statement. The most critical part is the cash-bank reconciliation: the book balance and the actual bank balance must match. In the opinion section, if there are deficiencies, specify them concretely; the discharge decision is taken by the assembly based on this report.

Related Processes

The auditor report is part of the accountability and discharge process. We covered keeping transparent accounts in our operating book article, the management's responsibility in our manager powers article, and the meeting process in our apartment meeting article.

Common Mistakes

• Skipping the reconciliation: Without comparing the book and bank balance, the report is incomplete.
• Opinion without documents: The discharge opinion must be based on the examined documents.
• Not writing the deficiencies: Identified problems must be clearly recorded in the report.

This content and template are for information purposes only, as examples. Adapt to your specific situation.