Who is the Auditor?
The auditor is the person who supervises the executive or board of directors acting as a proxy on behalf of the board of floor owners.
What are the duties of the auditor?
In the management plan it is clearly written how to choose the auditor and what duties he has. If there is no such aspect in the Management plan, the board of floor owners personally conducts the audit or, by meeting with a sufficient majority, the auditor determines the matter by making changes to the management plan.
Does the auditor get paid?
The owners of the floor receive a certain fee for their services, if the board has agreed. The general rule is that there is a free power of attorney.
If the auditor demands a fee and the board of floor owners rejects this request, the auditor resigns.Because no one can be forced to become an auditor.
How to Elect Auditors and a Board of Supervisors
It is essential that the auditors or members of the supervisory board are elected from within the board of landlords (KMK Md. 41/3) The
auditors are elected together with the Directors at the ordinary general meeting, and their duties are terminated at the next general meeting with the resignation of the directors and auditors. The board of floor owners can change managers and supervisors at any time if there is a legitimate reason.
If there is no provision in the management plan regarding the election of auditors, it means that the board of floor owners will use this effect.The parent company is not obliged to have auditors, regardless of the number of independent divisions of the property.
When Does the Auditor's Duty End?
If there is no provision otherwise, the duty of the auditor ends on the date of termination of the duties of the management.
What are the duties of auditors?
E) SUPERVISION OF MANAGEMENT:
Article 41 - The board of floor owners continuously supervises the attitude of the manager in this position and can change it at any time if there is a legitimate reason.
If there is no set time in the management plan for auditing the accounts, this audit is carried out every three months; however, if there is a legitimate reason, an audit of the account can always be carried out.
The board of owners of floors may entrust the audit work to an auditor, whom they shall elect from among themselves by a majority of numbers and land shares, or to an audit board of three persons, in which case the auditor or supervisory board shall, at written times in the management plan, if the time has not been written, give the result of the audit with a report to the board of floor owners within the first month of each calendar year informs them and their thoughts on the management style of the parent real estate; this report is reproduced and sent to the owners of the floors in a signed letter.
The auditors shall sign this report and the decisions they shall make and any other matters which they deem necessary, with page numbers starting from (1) and proceeding in sequence, and by placing each page in a notarized notebook and dated.
The auditor can be in the form of a single person or in the form of a supervisory board. The duties of the floor owners act as a representative of the board of owners: a. to supervise the manager's
attitude to the post (are records kept properly
? Are they acting in accordance with the Business Project? etc)
b. Auditing accounts
c. What are the Auditors' Responsibilities to submit an audit report to the floor owners' board?
No floor owner can be forced to become a manager or auditor. The supervisors are accountable to the floor owners' board just like a proxy. The supervisory board must act together in its decisions.
If the auditor passes away or resigns, the floor owners board is called to an extraordinary meeting and a new auditor is duly elected.
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