It's $50,000 and lower that one need not do an audit.
First, there are member remedies. The financial statements have to be provided to members, even though they're not audited. This $50,000 would be for soliciting corporations. Those financial statements, even though they may not be audited, have to be deposited with Corporations Canada so they'd be available for public scrutiny, including scrutiny by regulatory officials, police officials, FINTRAC, Revenue Canada, or anybody who wants to look at them. There is that public oversight.
For non-soliciting corporations, of course, it's $1 million, but money could only be collected from members themselves, so it's a different situation.
For soliciting corporations that get their money from the public or from government grants, there are other ways of looking at their books even though they may not be audited.