11/07/2013 11:28 EST | Updated 01/23/2014 10:53 EST

Portland Hotel Society Audit: BC Housing Probes Non-Profit" data-caption="The Portland Hotel Society's Mark Townsend talks to reporters at a community BBQ in support of Insite, Vancouver's supervised injection facility. Cops moved in and prevented a free concert by Bedouin Soundclash.More information:" data-credit="Flickr: M-J Milloy">VANCOUVER - The CEO of an agency that helps British Columbians attain affordable housing says a third-party accounting firm is reviewing the books of a well-known, non-profit society.

The Portland Hotel Society provides social housing and support for people with mental illnesses and chronic substance-abuse issues on the Downtown Eastside, and it also operates a supervised safe-injection site with Vancouver Coastal Health.

But BC Housing CEO Shayne Ramsay says in a statement his organization appointed the accountants after it discovered irregularities in the society's spending practices.

The society did not provide The Canadian Press with a comment before publication.

Ramsay says the accounting firm will ensure public resources are being spent appropriately and the society has proper financial and operational controls in place.

He says the provincial government is prepared to take further actions if warranted to ensure the protection of public funds.

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