In an earlier Strata Talk I commented that a requirement for Stratas to do Annual Financial Statement Audits was coming down the pipe. It now appears that is not the case.
To help strata owners and council members understand financial reporting requirements and best practices, the Province has updated its Strata Corporation Finances and Budgeting Guide. It is available at: http://www.housing.gov.bc.ca/pub/stratapdt/Guide10.pdf
A list of recent changes to the Strata Property Act is available at: www.housing.gov.bc.ca/strata/regs/index.htm