About This Practice
This guidance covers Practice 6C, which includes one element:
⬤ Obtain an annual financial audit, review or compilation by an independent certified public accountant or a qualified accounting professional, in a manner appropriate for the scale of the land trust
⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both
March 2023: Updated accreditation requirements for financial audit/review thresholds under Practice Element 6C1
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