BDO Canada acquires risk advisory firm PRA Canada

BDO Canada, a mid-market accounting and consulting firm, has acquired P. Reimer & Associates (PRA Canada), a Surrey, BC-based risk advisory firm focusing on the financial services industry.
Founded in 1985, PRA has practices in internal audit, IT audit, governance and regulatory compliance, risk advisory, fraud investigation, and enterprise risk management.
The firm has four partners and has worked with more than 100 Canadian financial institutions and government agencies, including BlueShore Financial, Interior Savings, and Peoples Trust.
BDO’s acquisition of PRA, which finalized on January 13, will enhance its risk services offerings for credit unions.
“Our firm is committed to providing clients with leading solutions rooted in deep industry experience,” said Ziad Akkaoui, national practice leader for risk advisory, BDO Canada. “Adding PRA Canada to BDO Canada enhances our existing financial services capabilities and strengthens our position in the market, leveraging PRA's nearly 40 years of leadership in serving financial institutions."
BDO Canada has approximately 5,000 employees nationwide. The firm recently sold 21 regional offices to MNP.
“We have had many discussions over the years with various national firms,” said Jeremy Picco, managing partner at PRA Canada. “However, we feel that joining BDO is the best cultural fit for our clients, the strongest capability in digital transformation, artificial intelligence, and automation which are all important for our clients' future success.”