Membership Standards Committee

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MEMBERSHIP STANDARDS COMMITTEE

Comprised of major stakeholders in the condominium community – including legal, accounting and property management professionals – the Committee mandate includes:

  • Monitoring services provided by the external auditor, and making recommendations for change if required;

  • Regular review of the ACMO 2000 Standard and developing revisions and enhancements to reflect current industry practices and regulatory requirements;

  • Developing a schedule of penalties for non-compliance with the Standard;

  • Providing adjudication on ACMO 2000 audit disputes;

  • Producing an annual report on ACMO 2000 statistics and performance measurements

ACMO 2000 Auditor

The ACMO 2000 Standard requires that an independent auditor conduct Certification and Compliance Audits for all firms supporting the program. Initial certification is required within 36 months of a Corporate member joining ACMO. Compliance audits are required within 36 months of every audit date.