Provisions on financial audit of industry committees

Legal analysis: In principle, the owners' committee has no right to audit the finance of property management enterprises. However, if the community charges are calculated by cost plus remuneration, both parties can stipulate in the property management contract that the owners' committee can conduct financial audit on the property management project, and both parties can entrust an accounting firm recognized by * * * to complete it. The audit results have the same effect on both parties, and the audit expenses are shared by all owners.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 272 The owner has the right to possess, use, profit from and dispose of the exclusive part of his building. The owner's exercise of rights shall not endanger the safety of the building or damage the legitimate rights and interests of other owners.

Article 277 An owner may establish an owners' meeting and elect an owners' committee. The specific conditions and procedures for the establishment of the owners' congress and the owners' committee shall be in accordance with the provisions of laws and regulations.

The relevant departments of the local people's government and the residents' committee shall give guidance and assistance to the owners' congress and the owners' election committee.