← Insights
British Columbia · Case study

Case Study: A Complete BC Strata Audit, Checked Against a Known Answer

By the Condo Audit Pro team· 3 min read· 5 views
Case Study: A Complete BC Strata Audit, Checked Against a Known Answer

We built a full BC strata corporation audit file with every answer documented in advance, then ran it through Condo Audit Pro from the council's first upload to the CPA's close.

The client
A 250-lot strata corporation in a Burnaby tower, built as a test file: three lot types, fees shared by unit entitlement, a change of management company mid-year, and every expected result written down before the run.
The challenge
Two managers' ledgers, a trial balance that did not balance, an invoice keyed short, bank items to resolve and a building envelope project under way, all under the Strata Property Act.
What the platform did
The council uploaded its records to the client portal. The software read the strata plan's schedule of unit entitlement, tied the trial balance to the ledger, compared the bank statements, matched sampled invoices and proposed adjusting entries for the CPA to accept or dismiss.
The result
Every finding matched the answer key, and the financial statements came out exactly as documented: total assets of about $2.2 million and net assets of about $1.5 million.
Quick answer: We built a complete British Columbia strata audit file with every expected result documented in advance, then ran it through Condo Audit Pro from the council's first upload to the CPA's close. Every finding matched the answer key, and the whole engagement is shown in a walkthrough of about 36 minutes.

A strata audit in British Columbia has its own vocabulary and its own rules: a strata council, strata lots, unit entitlement, the contingency reserve fund and the depreciation report under the Strata Property Act. To show how Condo Audit Pro handles that, we built a BC strata file ourselves, wrote down every answer in advance and ran it through the platform screen by screen.

The test file

The strata corporation is fictional: 250 strata lots in a Burnaby tower, in three types, with fees shared by unit entitlement totalling 16,920. The management company changed on July 1, so there are two managers' ledgers. A building envelope project is under way, with a loan and a special levy.

The council's records include both ledgers, the trial balance, the approved budget, a full year of statements for each bank account, the strata plan with its schedule of unit entitlement, the depreciation report, minutes, both management contracts and letters from the lawyer and the insurer.

What was plantedThe documented answer
A trial balance that does not balanceOut by $1,691
An amount in the trial balance with no ledger support$2,375
A supplier invoice keyed short in the ledger$684
Bank items: a fee, an e-transfer, a bounced payment, a duplicate, an unissued chequeEach one named

What happened

The council uploaded its records against a checklist built for a BC strata. The software read the unit roster straight from the strata plan, all 250 lots with their unit entitlement, and checked the total against the plan's own total.

The trial balance difference was explained in two parts: $2,375 with no ledger support, less $684 for the invoice keyed short. The invoice match found the same $684 from the other side: the invoice said $6,982.50 and the ledger said $6,298.50. The bank comparison named each reconciling item, and each became its own proposed entry with its working, for the CPA to accept one by one.

Working papers and controls documentation arrived pre-filled from the firm's own answers, in British Columbia wording, for the CPA to review. The statements were produced with the operating fund, the contingency reserve fund and the special levy.

The result

Every finding matched the answer key. The statements showed total assets of about $2.2 million, liabilities of about $685,000 and net assets of about $1.5 million, exactly as documented. The CPA made every judgment and closed the file; the software did the preparation.

The second year was then started from the first: last year's closing fund balances were offered as openings, the prior-year column came across, and the roster came forward from the strata plan, all for the CPA to confirm.

Common questions

Was this a real strata corporation?

No. It is a test file we built ourselves, with fictional names and figures, so that every result could be checked against a known answer.

Can I see it?

Yes. Watch the complete BC walkthrough, or book a demo and bring one of your own strata files.

Where can I read more about BC?

See how Condo Audit Pro handles British Columbia.

About the Author

Written by the Condo Audit Pro team at Yabuh Ltd. The platform is the result of 1,000+ hours of development, and its audit logic is built on Canadian Auditing Standards (CAS), ASNPO and each province’s condominium statute. The firm’s own CPA performs and signs the audit. More about how we built it.

Condo Audit Pro

The platform that prepares the file. The CPA decides.

Built for condominium and strata audits across Alberta, BC, and Ontario. Document collection, GL matching, two-fund classification, fee testing — handled before the CPA opens the file.

For CPA firms →For condo & strata boards →