The Minister of Finance, Brenda Bailey, started an investigation into the Kwantlen Student Association (KSA) under the Societies Act in March.
The hope is that the investigation will determine whether there has been any misuse of funds or other problematic conduct.
During the investigation, a ministerial order prohibits the KSA from disposing of, dealing with, or diminishing the value of any of its assets except as authorized by the order.
On Wednesday, Bailey confirmed that the forensic audit into the KSA will be conducted by PricewaterhouseCoopers.
The KSA may spend reasonable amounts on proper operational expenses.
The investigation follows a report from the Registrar of Companies to the Minister of Finance.
The actions are being taken to protect the student association and its members.
The KSA has issued a statement that they will “cooperate fully with the investigation and [have] already taken proactive steps through legal counsel to support that process.”
“The Association remains committed to responding appropriately and responsibly as the investigation proceeds.”
Kwantlen Polytechnic University (KPU) also commented on the investigation. “Kwantlen Polytechnic University welcomes the B.C. Government’s notice regarding the Kwantlen Student Association (KSA). The KSA is an independent society governed under the Societies Act and is therefore accountable to its members, who are KPU students. KPU itself is not a member of the KSA,” said Zena Mitchell, Vice-President, Students, at KPU.