Mr. Speaker, I want to ask the member a question around auditing and review engagements and the thresholds that are in the bill. I am speaking as someone who has spent 24 years working in not-for-profits, with a variety of levels of income and scope of business, from $50,000 to $80,000 a year up to over $1 million a year.
While there are differences, we have to protect our smaller not-for-profits from the exorbitant costs that auditors sometimes charge. I have a concern about review engagements actually protecting the integrity of smaller organizations. While we need to ensure those organizations continue in their not-for-profit business and do not have costs thrust upon them, I have a concern about the integrity of those organizations and their ability to keep public confidence.
Is the member convinced that those thresholds are the correct thresholds for audits and review engagements and the differences that are involved?