Blackberry 2007 Annual Report Download - page 62

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60
To the Shareholders of Research In Motion Limited
We have audited the consolidated balance sheets of Research In Motion Limited (the “Company”) as at March 3, 2007
and March 4, 2006 and the consolidated statements of operations, shareholders’ equity and cash flows for the years ended
March 3, 2007, March 4, 2006 and February 26, 2005. 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 Canadian generally accepted auditing standards and the standards of the
Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit
to obtain reasonable assurance about 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. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of
the Company as at March 3, 2007 and March 4, 2006 and the results of its operations and its cash flows for the years ended
March 3, 2007, March 4, 2006 and February 26, 2005 in accordance with United States generally accepted accounting
principles.
As discussed in Note 4 to the consolidated financial statements, the consolidated financial statements as at March 4, 2006
and for the years ended March 4, 2006 and February 26, 2005 have been restated.
As discussed in Note 2 to the consolidated financial statements, in fiscal 2007, the Company adopted the provisions of
Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the effectiveness of the Company’s internal control over financial reporting as of March 3, 2007, based on criteria
established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission and our report dated May 14, 2007 expressed an unqualified opinion thereon.
Kitchener, Canada, Chartered Accountants
May 14, 2007. Licensed Public Accountants
independent auditors’ report on consolidated financial statements