Blackberry 2014 Annual Report Download - page 82

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Exhibit 1.2
INDEPENDENT AUDITORS’ REPORT OF REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of BlackBerry Limited (formerly known as Research In Motion Ltd.)
We have audited the accompanying consolidated financial statements of BlackBerry Limited [the “Company”], which are
comprised of the consolidated balance sheets as at March 1, 2014 and March 2, 2013, the consolidated statements of
operations, comprehensive income, shareholders’ equity and cash flows for each of the years ended March 1, 2014, March 2,
2013, and March 3, 2012, and a summary of significant accounting policies and other explanatory information.
Management’s responsibility for the consolidated financial statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance
with United States generally accepted accounting principles, and for such internal control as management determines is
necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due
to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these consolidated 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 comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated
financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of
material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments,
the auditors consider internal control relevant to the entity’s preparation and fair presentation of the consolidated financial
statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes examining, on a
test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as
evaluating the overall presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit
opinion.
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the
Company as at March 1, 2014 and March 2, 2013, and the results of its operations and its cash flows for each of the years
ended March 1, 2014, March 2, 2013, and March 3, 2012, in accordance with United States generally accepted accounting
principles.
Other matter
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the Company’s internal control over financial reporting as of March 1, 2014, based on the criteria established in Internal
Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (1992
Framework) and our report dated March 28, 2014 expressed an unqualified opinion on the Company’s internal control over
financial reporting.
Kitchener, Canada,
March 28, 2014.
/s/ Ernst & Young LLP
Chartered Accountants
Licensed Public Accountants