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Hi,
Need reference for TCS
This is my first time working with a client using the COSO framework. Before elevating my inquiry to my seniors, I would like to confirm my understanding of how this exercise works.
Prior working papers are telling me that client should establish its compliance with the five components of the framework, correct? How rigid should I be in performing this?
To be fair, I was provided with a reading material but it’s a pretty hefty read.
Thanks for any responses!
Deloitte
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Buying a condo at your age is like buying a coffin. If I was buying a coffin, I’d buy one with thicker walls
https://youtu.be/oWXNf3JVWpI
Rising Star
I’ve never been able to pull the trigger based on HOA fees, they seem absurd in many cases and are there for life.
Bought one when I was 24 in a “younger” part of the city I live in. Live in a single family home now but still rent the condo out. Condos typically have way less maintenance than a single family home and are generally in more urban areas of town (ie close to restaurants and bars). If you can make it work, totally recommend it. Another option if you want a little more space is a townhome.
Bought and still living in our condo for about a year. It's what we could afford at the time being close to the city in the bay area. Single family homes in our price were in not so safe neighborhoods and a farther commute in our opinion esp working busy season hours late nights.
We're planning to purchase a single family home down the line & rent this out but we're happy with our current condo choice. I thought it was a big regret knowing I always wanted a single family home but it's reality and I don't regret it anymore after adjusting.
Neighbors are nice, quiet neighborhood, condo quality is excellent - barely hear noises in-between walls, 24/7 security and other amenities from the HOA. Not really any cons that bothers me.
Bought a condo a few years ago as I was wanted less maintenance and more security when traveling weekly. Was never meant to be a long term solution, and will turn into an investment property in the next year or two.
You don’t “own” a coop, you own shares is one reason I went condo and I wanted to own my space. As PwC3 said there is more freedom with a condo as well, and you don’t have to get the boards approval to who you rent or sublet to, etc. Co-op can work for an investment property, but they tend to have stricter rules and regulations.
I do. You save money on the price itself, property tax and insurance. The downside is the monthly HOA fee but in my case that is paid for by the former. It’s all based on how much space do you actually need and the location you desire.
Rising Star
Have a condo and love it. Super cheap, nice and practical. HOA/$138 condo/$100k
I’m in the SE, too, but don’t think I could get in that low. Jealous!