Greg Thomson, director of research at Charity Intelligence, told MPs that it dropped its rating of WE Charity after it looked closer at whether the organization was making the difference it intended. Thomson said his organization's research raised a number of red flags, including that WE Charity has breached a financial covenant on millions of dollars in bank debt. Partisanship takes over committeeThe managing director of Charity Intelligence, which is a small charity itself, said she found issues over two days of reviewing WE's financial data that prompted her to call its management with questions. Kate Behan of Charity Intelligence told MPs she thinks a 'tier one' international auditing firm should audit WE Charity. (Submitted by Charity Intelligence)Liberal MPs questioned her group's findings, and wondered why Charity Intelligence was even at the committee if it couldn't offer insight into the timeline of events surrounding WE and the student volunteer program.

Source: CBC News August 06, 2020 19:00 UTC