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sales tax audit is still not complete. The tax auditors are disputing the exemption claimed by WWF from the 13% tax on purchases of certain

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sales tax audit is still not complete. The tax auditors are disputing the exemption claimed by WWF from the 13% tax on purchases of certain waste processing supplies and equipment. About 20% of total purchases of $451 million fell into this category during the four-year audit period according to WWF. On June 23, 2017, WWF received a wire transfer of Euro to its general Canadian dollar bank account, in payment of an outstanding customer invoice. WWF's bank converted the funds to $12 million Canadian, using an incorrect exchange rate. The error resulted in WWF receiving $8 million Canadian more in funds. WWF has not informed the bank of the error and has taken the difference into income

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