MKP Chartered Professional Accountants is now officially PDC Accounting Evolved
PDC Accounting provides audit and assurance services for businesses and organizations across British Columbia and Ontario. Our team works with organizations that require independent financial reporting, governance support, or regulatory compliance, delivering objective and professional assurance aligned with applicable standards, including Canadian Auditing Standards and Accounting Standards for Not-for-Profit Organizations (ASNPO). We take a structured, relationship-based approach that emphasizes clarity, consistency, and open communication throughout the engagement.
Audit and assurance services provide an independent evaluation of financial information to support confidence in reporting. These services are commonly required by regulators, funding bodies, boards, and other stakeholders who rely on accurate and objective financial statements.
PDC Accounting provides three levels of assurance engagement, each suited to different organizational requirements:
Audit Engagements
Provide the highest level of assurance through detailed examination and testing of financial records, systems, and controls
Review Engagements
Provide limited assurance based primarily on inquiry and analytical procedures
Compilation Engagements (Notice to Reader)
Involve assembling financial information into financial statement format without providing assurance
The appropriate engagement depends on regulatory requirements, funder expectations, and stakeholder needs.
Early planning and clear communication help ensure these engagements are completed efficiently and effectively.
Audit and assurance engagements at PDC Accounting are tailored to reflect each organization’s structure, reporting requirements, and governance needs. Our process typically includes:
Throughout the engagement, our team maintains clear communication with management and governance bodies, coordinating information requests and timelines to support an efficient process.
PDC Accounting approaches audit and assurance engagements with a focus on professionalism, transparency, and collaboration.
We work closely with management and governance teams to understand the organization's structure, operations, and reporting requirements. Clear communication is maintained throughout the engagement, helping reduce uncertainty and avoid last-minute surprises.
For organizations transitioning from another audit firm, we manage the handover process to ensure a smooth transition with minimal disruption to your operations.
Our goal is to provide assurance services that support organizational accountability while fitting seamlessly into broader financial operations.
Audit and assurance services are most effective when supported by strong accounting foundations. Many organizations engage PDC Accounting for ongoing bookkeeping, tax services, and advisory support alongside audit engagements.
This coordinated approach helps ensure financial information is accurate, consistent, and prepared well in advance of reporting deadlines.
PDC Accounting provides audit and assurance services across all firm locations:
Service availability may vary based on engagement requirements.
What is the difference between an audit, a review, and a compilation engagement?
An audit provides the highest level of assurance through extensive testing of financial information. A review engagement provides limited assurance based on inquiry and analytical procedures. A compilation engagement (Notice to Reader) involves assembling financial data into statement format without providing assurance. The appropriate engagement depends on regulatory and stakeholder requirements.
Do not-for-profit organizations require audits?
Audit requirements for not-for-profit organizations vary depending on funding sources, governing documents, and regulatory obligations such as the BC Societies Act or Ontario Corporations Act. Some organizations are required to have audited financial statements, while others may require review or compilation engagements.
Do you provide condominium audits in Ontario?
Yes. PDC Accounting provides audit and financial reporting services for condominium corporations across Ontario, including reserve fund reviews and compliance with the Ontario Condominium Act, 1998.
What accounting standards do you follow for not-for-profit audits?
Audit and review engagements for not-for-profit organizations are prepared in accordance with Accounting Standards for Not-for-Profit Organizations (ASNPO), as applicable.
How far in advance should we plan for an audit?
Engagement planning should begin well in advance of reporting deadlines. Early coordination helps ensure information is prepared, and the process runs smoothly.
Can audit services be combined with other accounting support?
Yes. Many organizations engage PDC Accounting for audit services alongside bookkeeping, tax, and advisory support as part of an ongoing accounting relationship.
If your organization requires audit or assurance services, or if you would like to discuss reporting requirements, we’d welcome the opportunity to connect.
