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Free HOA embezzlement risk check

Ten yes-or-no questions. See your risk and the first things to fix. Free, no sign-up. Email yourself a PDF if you like.

Do two board members approve every payment over a set amount?
Can at least two board members see the bank account online?
Does someone other than the treasurer read the bank statements each month?
Does someone other than the person who pays bills match the books to the bank?
Do you carry fidelity (crime) insurance that covers your bank balances?
Do owners pay by check or online only (no cash)?
Does the board check new vendors before the first payment?
Does an outside accountant review or audit the books each year?
Do you change bank signers right after a board member leaves?
Does the whole board get financial reports at every meeting?

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