Audit of LARCA shows major discrepancies in its accounting practices.

Writing in this week's Reston Connection, John Lovaas, the Independent Progressive, lays out a series of discrepancies discovered by Ernst & Young in its audit of the Lake Anne of Reston Condominium Association (LARCA) for the last three years.   After laying out the details, he ends with the comment, "Next-All await the outcome of the Commonwealth Attorney’s investigation!"

We thought you should know the full story.  Below we present present the full presentation received by the LARCA Board so you can assess for yourself the competence and legality of the decisions made by LARCA management.   It does not look good.

   LARCA Audit & Recommendations by TerryMaynard on Scribd