Canada: CRA guidelines for audits of charities

Canada: CRA guidelines for audits of charities

The Canada Revenue Agency (CRA) released new information about its audit activities for charities. The CRA guidelines describe how a charity is selected for audit, the audit process and possible recourse for charities that are audited, as well as the types of audit information available to the public and statistics regarding the outcome of audits.

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The CRA conducts audits of about 1% of Canadian charities each year, to verify that the charities satisfy registration requirements (there are between 800 and 900 registered charities across Canada).

 

Read a July 2015 report prepared by the KPMG member firm in Canada: CRA Details Audit Process for Charities

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