Quality Assurance Evaluation Summary

Due to the complexities of the PRA System, the Certified Public Accounting firm Haskell & White, LLP was engaged to perform a Quality Assurance Evaluation verifying the system logic, functionality, accuracy and reporting compliance of American Institute of Certified Public Accountant's (AICPA) Audit and Accounting Guide for Common Interest Realty Associations and IRS tax guidelines.

The objectives of the Quality Assurance Evaluation procedures performed were to evaluate:

  • The applicability, accuracy and performance of the formulas and calculations within the system;
  • The completeness and applicability of the system logic for all transactions processed and reports produced by the system;
  • From a functionality perspective, the applicability of the flow of data within the system which result from the systems transactions and processing logic;
  • Reporting Compliance with the AICPA's Audit and Accounting Guide for Common Interest Realty Associations and cash flow projections; and
  • Tax calculations for reporting consistent with IRS guidelines for 1120c and 1120h corporations.
  • The procedures primarily consisted of review, evaluation, and tracing of transactions through the system, and recalculation of system logic and formulas to determine whether the system is accurately processing and reporting transactions.

Quality Assurance Evaluation Results:

The results of the Quality Assurance Evaluation were that the PRA System's functionality, concept and logic, data input and output are operating in the manner intended and that no exceptions were found as a result of the attestation procedures.


25 Years: The leading reserve management system since 1989.THE LEADING RESERVE MANAGEMENT SOLUTION SINCE 1989
for instant access to the PRA Free Trial
Live Demonstration

Register now to download a Live Demonstration of the PRA System to your desktop.

Registration is simple, you will immediately receive an email to confirm your email, then immediately receive access for downloading and installing the PRA System.

Register->


Limited Time Offer

Check out our promotions section to see if your group qualifies as a preferred customer.

Site by Blue Jay Technologies