Audit & Compliance
Hold Your Previous Administration Accountable
When a new board takes over, the past doesn't disappear. WeManagePR conducts formal audits of prior administrations — uncovering what happened and documenting it for legal and financial protection.
The problem
Most Condominium Transitions Leave Critical Questions Unanswered
Missing Financial Records
Previous administrators often leave without providing complete financial documentation — bank statements, invoices, reserve fund records, and tax filings.
Undocumented Decisions
Board decisions made without proper minutes, legal notices, or resident votes create liability for the incoming administration.
Vendor Contract Irregularities
Contracts awarded without competitive bidding, inflated invoices, or payments to unregistered vendors are common findings in our audits.
Legal Non-Compliance
Failure to follow Puerto Rico's Condominium Act — from meeting procedures to reserve fund requirements — exposes the entire community to legal risk.
Our audit process
A Systematic, Documented Audit From Start to Finish
Step 1
Document Collection
We request and inventory all available records from the previous administration — financial statements, meeting minutes, contracts, correspondence, and legal filings.
Step 2
Financial Reconciliation
Our CPA partners reconcile all income and expenses against bank records, identifying discrepancies, missing funds, and unauthorized transactions.
Step 3
Legal Compliance Review
We review all board decisions, meeting procedures, and administrative actions against Puerto Rico's Condominium Act (Law 129 of 2020) to identify violations.
Step 4
Vendor & Contract Analysis
All vendor relationships and contracts are reviewed for proper procurement procedures, fair pricing, and legal compliance.
Step 5
Formal Audit Report
We deliver a comprehensive written report documenting all findings, irregularities, and recommendations — suitable for legal proceedings if necessary.
Step 6
Corrective Action Plan
We provide a prioritized action plan for the incoming administration to address findings, recover funds where possible, and establish proper procedures going forward.
Ongoing compliance
From Audit to Ongoing Legal Compliance
Once the audit is complete, WeManagePR can transition seamlessly into your ongoing condominium administrator — ensuring that every future decision is made in full compliance with Puerto Rico law, with certified financial oversight and complete documentation.
Law 129 of 2020 Compliance
All administration conducted under Puerto Rico's current Condominium Act — the governing statute for all condominium ownership and administration.
CPA-Certified Financials
Monthly and annual financial statements prepared and certified by our CPA partners — auditable, GAAP-compliant, and fully transparent.
Complete Documentation
Every board decision, meeting, vendor contract, and financial transaction is documented and archived — protecting the board and the community.
Suspect something went wrong?
You don't need proof to start an audit — you just need questions. We find the answers.