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48
independent auditors’ report on consolidated financial statements
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 1, 2008
and March 3, 2007 and the consolidated statements of operations, shareholders’ equity and cash flows for the years
ended March 1, 2008, March 3, 2007 and March 4, 2006. 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 the 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 1, 2008 and March 3, 2007 and the results of its operations and its cash flows for the years ended
March 1, 2008, March 3, 2007 and March 4, 2006 in accordance with United States generally accepted accounting principles.
As discussed in Notes 2 and 9 to the consolidated financial statements, in 2008 the Company adopted Financial Accounting
Standards Board (“FASB”) Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB
Statement No. 109”. Also, as discussed in Note 11 b), the Company changed its method of accounting for share-based
payments in accordance with the Statement of Financial Accounting Standards No. 123(R), “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 1, 2008, based on criteria established
in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
and our auditors’ report dated April 16, 2008 expressed an unqualified opinion thereon.
Kitchener, Canada,
April 16, 2008.
Chartered Accountants
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