Should the incoming board hire a CPA to audit the records of the developer?
The incoming board should definitely hire a lawyer. There’s really two different lawyers that they need to be looking at. First, they need to hire a lawyer that specializes in transition. That way you can make sure that the developer turns over everything they’re supposed to turn over and the association can get started on the right foot. That attorney is also the one that’s going to help them determine whether or not they need further investigation by a CPA or by an engineer of some kind. In addition to that, they’re going to want to look for an attorney to handle their general council practice. Often times, the general council practice also includes collections, which are important in any association.