Annual Audit Information
As a registered producer with Encorp Pacific (Canada), you are required to provide a verification of container unit sales into the province of British Columbia on an annual basis.
To ensure the Regulatory compliance by all brand owners and to reduce the compliance cost, Encorp has implemented a new sales verification process. The sales verification process requires completion of specified procedures and a Declaration of compliance by each registered brand owner.
The report on specified procedures has to be completed by an external auditor, internal auditor, or senior officer of the company depending on the unit sales volume. The following table provides the level of required compliance:
| Annual Unit Volume | Minimum Verification Methodology |
|---|---|
| > 10,000,000 | External Auditor |
| > 5,000,000 but < 10,000,000 | External Auditor or Internal Auditor |
| < 5,000,000 | External Auditor or Internal Auditor or Senior Officer |
Producers selling 10 million units or less, who don't have a 3rd party review process in place and submit their own internal sales verification report to Encorp, may be randomly selected to provide an independent sales verification report. Any producer chosen at random will be notified by Encorp of the requirement.
The reports have to be submitted to Encorp Pacific (Canada) directly by the assurance provider and include the following:
- Schedule A - Schedule of Units Charges and Returns
- Schedule B - Report on Specified Procedures
- Appendix 1 - Specified Audit Procedures on Sales Verification Schedule
- Schedule C - Declaration of Compliance
- Schedule D - Registered Container Confirmation
Please follow the link to obtain a package specific to your company annual volume: