Annual income and expense report

For about four(4)years, or longer our association, an Illinois common interest communiy has not had an audit of the books which are maintained by a paid treasurer-bookkeeper,not a management company. Can the unaudited income and expense report for 2010 be legally pesented to the homeowners to vote on at the soon upcoming annual meeting, as the board has been doing for years?
Thanks for any info..

SusanW1
Yes, our bylaws require a full audit at the end of each fiscal year The results of this and the proposed budget for the new year are presented to homeowners at the annual meeting and voted on.This will be on January 28th.. The audit is suppose to be undertaken by 3 homeowners, who are not board members.
The board's excuse for not complying with this statute for 4 or more is they cannot find homeowners willing to volunteer to do this. There are 25 homeowners who are not board members and I find this difficult to believe.Moreover, I was eleted to the board last Jauary and prior to being elected I never saw or received a notice requesting volunteers for the audit ommittee and I know for a fact, so far, no requests for volunteers to do the audit have been sent out. It appears there is some kind of reluctance to having the books audited.My question is, if the board can't find volunteers to an audit, does this mean an audit is not necessay or do they need to hire someone to be in compliance with the statute requiring full annual audits.
Thanks for any suggestions you can offer.. . .