In Class #8.1
Securimax Limited (Securimax) has been an audit client for KFP Partners (KFP) for the past 15
years. Securimax is based in Waterloo, where it manufactures high-tech armour-plated
personnel carriers. Securimax often has to go through a competitive market tender process to
win large government contracts.
Its main product, the small but powerful Terrain Master, is highly specialized and Securimax
only does business with nations that have a recognized, democratically elected government.
Securimax maintains a highly secure environment, given the sensitive and confidential nature of
its vehicle designs and its clients.
In September 2011, Securimax installed an off-the-shelf costing system to support the highly
sophisticated and cost-sensitive nature of its product designs. The new system replaced a system
that had been developed in-house, as the old system could no longer keep up with the complex
and detailed manufacturing costing process that provides tender costings. The old system also
had difficulty with the company’s broader re