If you've been reading this blog, you'll know that I've been concerned for several years now about the monkey business at the CHIMP Foundation. Turns out, I'm not the only one. In CHIMP's financial statements for 2020, Deloitte issued a Basis for Qualified Opinion.
Deloitte was "unable to obtain sufficient appropriate audit evidence supporting the carrying amount of investments in certain unlisted securities with a total carrying value of $193,037,460 as of July 31, 2020."
I can't help but wonder if this is part of the reason why CHIIMP's entire board resigned and was replaced in late February/early March of 2020.
CHIMP does not provide its 2020 financials at its website so I obtained them from CRA.
To read the redacted statements that were provided to me by CRA, click here.
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