This issue exposes how auditors can fail communities when they ignore NOCLAR (Non-Compliance with Laws and Regulations) violations during HOA financial reviews. Drawing from a real case at 175 East Delaware Place HOA, you’ll see how governance breakdowns, unauthorized spending, and false tax filings were missed entirely by the auditor—leading to unreported misconduct and ongoing risks for homeowners. Learn what NOCLAR means, why auditors must assess and report violations, and how pressure for “clean” audit reports compromises independence and accountability. This newsletter calls for urgent reform, greater transparency, and new standards to ensure auditors act in the public interest and safeguard the financial integrity of community associations.