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Strata Tip 63 – Buying – Verification of financial records

Make sure your accountant sights all of the Form 6’s.  When conducting the verification report process, the buyer’s accountant may attend on site to extract relevant financial information from the seller’s records.  That is an ideal time for the accountant to also sight each one of the POA Form 6’s (letting appointments), to check that they are the correct version, properly signed and that there are no significant flaws in them. Ask your verifying accountant to do this, as part of their verification report.