Page 7 - DCB 2019 Annual Report

2019 Annual Report

2018 Annual Report
2018 Annual Report

Table of Contents
Table of Contents
Table of Contents
Who We Are 3
3
Who We Are
Who We Are
International Recognition 3 3
3
International Recognition
Our Vision 3 3
Our Vision
3
INDEPENDENT AUDITORS' REPORT
Our Mission 3 3
To the Board o
Our Vision f: DIVER CERTIFICATION BOARD OF CANADA
Our Mission
3
Our Mission
Our Board of Directors 3 3
3
Our Board of Directors
Report on the Financial Statements
We have audited the accompanying financial statements of DIVER CERTIFICATION BOARD OF CANADA, which comprise the
Our Board of Directors
What We Do 4 3
4
What We Do
statement of financial position as at December 31, 2019, the statement of changes in net assets, the statements of operations, and
What We Do
cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
Message from the Chairman 5 4
5
Message from the Chairman
Message from the Chairman
Management's Responsibility for the Financial Statements
Message from the CEO 6 5
Message from the CEO
6
Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian
Message from the CEO
Auditor’s Report 7 6
accounting standards for not-profit-organizations and for such internal control as management determines is necessary to enable
Auditor’s Report
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the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Report
Financial Statements 8 7
8
Financial Statements
Auditor's Responsibility
Financial Statements
Notes to Financial Statements 11 8
11
Notes to Financial Statements
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance
with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan
Notes to Financial Statements
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2021 Canadian Underwater Conference and Exhibition 15
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and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
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2020 Canadian Underwater Conference and Exhibition

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the

Cover Photos: Left - CDI Barge Right - DIT Chamber
financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal
control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion
Basis for Qualified Opinion
In common with many non-profit organizations, the organization derives part of its revenue from delegate fees from the annual
conference, the completeness of which is not susceptible to satisfactory audit verification in the current and prior year..
Accordingly, in the current and prior year our verification of these revenues was limited to the amounts recorded in the records of
the organization and we were not able to determine whether any adjustments might be necessary to revenues, excess of revenue
over expenses, assets and net assets.
Qualified Opinion
In our opinion, except for the effects (or the possible effects) of the matter described in the Basis for Qualified Opinion paragraph,
the financial statements present fairly, in all material respects, the financial position of DIVER CERTIFICATION BOARD OF CANADA
as at December 31, 2019, and its financial performance and its cash flows for the year then ended in accordance with Canadian
generally accepted accounting principles.
Bluenose Accounting Chartered Accountants
Halifax, Nova Scotia
Jun 23, 2020
Photo courtesy of CDA-Technical Institute
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