Check on your auditor’s standing

Most of time, the auditor does a good job in reviewing the condo's financial statements. However, at some condos, where the finances are in poor shape, the auditor may not only hide problems that the owners—and potential buyers—should be aware of, but the odd one may have some personal baggage of their own.

If your condo's finances look questionable, you may want to check your auditor's standing with the CPA.

CPA
The Chartered Professional Accountants of Ontario protect the public interest by ensuring their members meet the highest standards of integrity and expertise.

They take this responsibility seriously.

Member directory
This directory provides a list of CPA Ontario's members. A couple of times, when I looked up the name of an accountant who audited a condo's financial statements, I found that they were under suspension. (Keep in mind that this is very unusual.)

Decisions, Orders and Reasons in Cases involving Disciplinary Proceedings
This is a long list of Ontario accountants that were involved in disciplinary proceedings.

The list is in alphabetical order and you can download a copy of the proceedings as a pdf file. Unfortunately, the database is not listed by date.


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