Political Audits

A political audit is a specialized assurance engagement used to provide an independent opinion on whether a political entity’s financial reporting is fairly presented and in compliance with applicable electoral legislation and regulatory requirements. These engagements are commonly required for candidates, campaign organizations, and political parties to support transparency and accountability in the reporting of contributions, expenditures, and other regulated financial activities.

As part of a political audit engagement, Hutcheson & Co. performs procedures including the inspection of financial records, examination of supporting documentation, and evaluation of compliance with applicable legislation and reporting requirements. This includes comprehensive testing of contributions and expenditures to determine whether they have been properly recorded, classified, and disclosed in accordance with the relevant electoral framework, including requirements set by electoral authorities such as Elections BC.

A political audit provides reasonable assurance that the reported financial information is complete, accurate, and compliant, and results in an independent audit report.