Soho Central Condominium: A bit of CPA analysis on the SOHO Central Audited Financial Statements

Plan, plan and plan some more

QUESTION: Is Stonewall Central a better name for the property? UPDATE (click): 2012 Audited Financial Statements
UPDATE (click): 2013 Annual Meeting packet
UPDATE (click): 2013 Special Meeting packet
AUDITED FINANCIAL STATEMENTS ANALYSIS 2009-2012 (click): A CPA analysis of SOHO Central Condominium Corporation's Audited Financial Statements

The Fantasy Vision
Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.

And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.

Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.

Sunday, March 23, 2014

A bit of CPA analysis on the SOHO Central Audited Financial Statements

Below is the accompanying letter on Soho Central Audit observations based upon the Audited Financial Statements. I had sent out a previous request for analysis and this thankful work has now been received - http://sohocentralcondominium.blogspot.com/2014/03/audited-financial-statements-reports.html . This is followed by a link to four spreadsheets with the concerned analysis: Comparative Income Statement, Statements of Financial Position, copies of cash flows, and a statement on Variance. The conversion of the spreadsheets was not possible to a .pdf file for easy viewing.

Please take the time to review and ask others to assist in understanding the very good work that has now been done if you are not familiar with accounting statements.