What prices for a CPA audit have HOA been charged lately

I am sure it varies by location. For any HOAs/POAs people reading this whose association had a CPA audit in recent years: How much did you pay for audit and if you would share, what size in revenue and expenses is your association?

Also, if it was a new CPA to your association, did the firm charge and assessment or evaluation fee and if so how much?

No member is calling for an audit. It makes no sense with the few transactions the POA has. The Board is doing it on its own likely to shame a oast board member.

I am trying to get some general prices to make sense of what the Board said it paid for an assessment, what does not seem to be any CPA services and the amount was less than I suspect an audit or even review would cost. So my concern is the fee for assessment was literally an assessment by the CPA firm on whether it wanted to offer a service to the Association that has not been performed nor its additional cost billed yet.

The Board president just stuttered around those details, with no clear answer as to what the assessment fee was.

Audit should be similar as far as scope. For financial statements you would have audit, review and compilation in the order of decreasing assurance scope made by the CPA. CPAs would run the risk of ethics violation if one did a lesser scope but stated it was an audit, the highest assurance.

Based on what you wrote, I would look at getting a compilation. The CPA would redo the statements in accordance with GAAP but less testing for assurance.

If the board president can't (or refuses to) give you a straight answer regarding the cost, you and your neighbors have bigger problems with this board. I suspect he or she can't tell you what type of audits this is or what it's for - have you asked that question? If not, why not?

The CPA firm can charge whatever the market will bear, so instead of asking about that, focus on why this audit is necessary. You don't know for certain if this is bring done to embarrass a certain board member, so instead of speculating, you need to find the answer to that question as well.

If this board is treasurer, he or she shouldn't be working in a vacuum- there should be regular treasurer reports and income/expense statements that are complete and accurate do everyone knows where the money's going, down to the last penny. If that's not the case, the entire board should be held responsible for a lack of oversight.

Get these questions answered first and then worry about an audit if there's an indication of fraud and/or mismanagement. If there's pushback from the board, you already know what's next - rally together your neighbors and look into a recall. Remember, you'll need people willing to step up to replace and YOU may need to be one of them.