WEBINAR: Are You Audit Ready? Essential Steps to Avoid Pitfalls and Ensure Compliance

*This event is FREE and reserved for Property Management members only. 

*Registration is required.

*A question/answer period will follow brief presentation. 

Moderator | Mohamed Hussein | CEO & Founder

Mohamed, CEO and Founder of Balanced Asset Solutions, brings a wealth of experience from his previous roles at leading companies, including AppFolio, Yardi, and Google Cloud. His tenure at these industry giants provided him with deep insights into property management software and cutting-edge technology. Over the past 7 years, Mohamed has channeled this expertise into exponentially growing Balanced Asset Solutions. With more than 20 years of general leadership experience and 15 years specifically in the property management industry, Mohamed's commitment to leveraging innovative technology has been a key driver of the company's success.

For most, the prospect of being audited is unnerving. The associated unknowns abound — how long will it take? How big a distraction will it be? Do we have all the information they’ll need? Will we pass? In this session, Mo Hussein, CEO of Balanced Asset Solutions, will aim to calm audit anxiety with tried-and-true steps you can take to stay ahead. With extensive experience as CPAs, full representation of clients during audits, and a 100% success rate in passing audits, Mo will explain why being audit-ready is crucial, how to stay prepared, and how you can spot and fix issues yourself. In this session you’ll learn about GAAP compliance, the importance of trust accounting, tips for conducting self-reviews, preparing for audits, and ways you can use AppFolio to stay on track.

Introduction

• Importance of being audit ready

Understanding GAAP Compliance

• Define GAAP

• Importance for property managers

• Key components

The Importance of Trust Accounting

• Define trust accounting

• Legal and financial implications

• Common pitfalls and best practices

Conducting Self-Reviews

• Explain regular self-audits

• Tools, checklists, and best practices

• Identifying and correcting errors

Preparing for an Audit

• Importance of documentation and organization

• Audit readiness checklist

• Tips for engaging with auditors

Leveraging PM Software for Compliance

• How to use AppFolio for compliance and audit preparation

• Specific reporting (fin diag, audit log, bank activity report + more)

• Benefits of automation

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