Board Members & Homeowners Webinar - WUCIOA Accounting, Audits & Budgets Legal Perspective

WUCIOA Accounting, Audits & Budgets

This essential webinar provides a legal perspective on the accounting, budget, and audit requirements imposed on Washington community associations by the Washington Uniform Common Interest Ownership Act (WUCIOA) and Senate Bill 5129 (SB 5129).

We will not be explaining the accounting process itself.

Instead, we will focus on the statutory obligations—the what and when—that associations must comply with to meet legal standards for financial transparency and record-keeping. Learn the specific requirements your association must fulfill regarding:

• Budgets: Legal mandates for preparation, contents, approval, and distribution.
• Audits & Reviews: When financial statements must be reviewed or audited, and by whom.
• Accounting: The required financial records, their retention, and member access rights.

This presentation is crucial for board members and managers who need to ensure their association's financial practices are in full compliance with Washington state law.

This course is approved by Community Association Managers International Certification Board (CAMICB) to fulfill continuing education requirements for the CMCA® certification.