MCL 559.157 – Has your Michigan Condominium Association had its books, records and financial statements reviewed by a Certified Public Accountant?

The Michigan Condominium Act was amended in 2014 to impose additional requirements on condominium associations with respect to financial record keeping and encourage transparency.  Prior to 2014, the annual audit or review of an association’s books, records and financial statements did not need to be certified.  After MCL 559.157 was passed, and became effective in 2014, a condominium association with […]

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