When Boards Choose the Wrong Auditor exposes how 175 East Delaware Place HOA became a case study in governance failure, from misusing its CPA firm as an election administrator to locking into a multi-year audit contract despite substandard work and false tax returns. The article walks owners through specific red flags, including attorney-driven auditor selection, management’s involvement in the process, structurally defective election systems, and the board’s lack of understanding of basic audit concepts like independence, fraud risk, and internal controls. It concludes by outlining the deeper, members-only analysis of the legal, ethical, and financial risks this audit-selection system creates for owners, and previews upcoming coverage of budgets and financial transparency.

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