Blackberry 2000 Annual Report Download - page 19

Management’s Responsibility for Financial Reporting
To the Shareholders of Research In Motion Limited
The management of Research In Motion Limited is responsible for the preparation of the accompanying financial statements in
accordance with generally accepted accounting principles, including estimates and judgments required for such preparation. The financial
information appearing throughout this annual report is consistent with the financial statements.
In fulfilling its responsibility for the reliability and integrity of financial information, management has established and maintains a
system of internal controls and budgeting procedures. Management believes these systems and controls provide reasonable assurance that
assets are safeguarded, transactions are executed in accordance with management's authorization and financial records are reliable for
preparing the financial statements.
The financial statements are reviewed and approved by the Board of Directors and the Audit Committee, which oversee management's
reporting responsibilities. Zeifman & Company and Ernst & Young LLP, the independent auditors appointed by the shareholders, have
examined the financial statements in accordance with generally accepted auditing standards and their report follows.
The Audit Committee of the Board of Directors, which consists of non-management directors, meets with management and the
independent auditors to ensure that each is discharging its respective responsibilities relating to the financial statements. The external
auditors have full and free access to the Audit Committee to discuss audit findings, financial reporting and other related matters.
Waterloo, Ontario Mike Lazaridis Dennis Kavelman
President & Co-CEO Chief Financial Officer
Auditors’ Report
To the Shareholders of Research In Motion Limited
We have audited the consolidated balance sheets of Research In Motion Limited as at February 29, 2000 and February 28, 1999 and
the consolidated statements of operations and retained earnings and cash flows for each of the years in the three year period ended
February 29, 2000. These financial statements are the responsibility of the Company’s management. Our responsibility is to express
an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Canada. Those standards require that we plan
and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of the Company
as at February 29, 2000 and February 28, 1999 and the results of its operations and its cash flows for each of the years in the three year
period ended February 29, 2000 in accordance with accounting principles generally accepted in Canada.
Toronto, Ontario Ernst & Young LLP Zeifman & Company
March 24, 2000 Chartered Accountants Chartered Accountants
00
Research In Motion Limited ■Incorporated Under the Laws of Ontario
17