Audits of financial statements are required for various reasons; whether it is required by government funders, the federal not-for-profit corporations act, or under provincial legislation. Sometimes audits are required for members of organizations such as CCCCs. In other cases, some not-for-profit boards simply want an objective opinion of their statements to add integrity to their reporting.
As your external audit firm, it is our responsibility to communicate with the members of your board of directors about our findings. We value building strong relationships to promote learning and understanding. With the charities directorate enforcing legislative requirements more stringently, it becomes good governance to have access to current developments.