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18
Type of Corporation
(Gross Annual Revenues)
Appointment of  Public Accountant (PA)
Review Engagement or Audit
Soliciting
Designated
$50,000 or less
Members must appoint a PA by ordinary resolution at each annual meeting.
Exception – Members may waive appointment by annual unanimous resolution
PA must conduct review engagement, but members may pass an ordinary resolution to require an audit instead.
(If no PA is appointed, then compilation only)
Non-Designated
More than $50,000 and up to $250,000
Members must appoint a PA by ordinary resolution at each annual meeting
PA must conduct an audit, but members can pass a special resolution to require a  review engagement instead
Non-Designated
more than $250,000
Members must appoint a PA by ordinary resolution at each annual meeting
PA must conduct an audit.