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CONSOLIDATED FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm
TotheShareholdersofRogersCommunicationsInc.
We have audited the accompanying consolidated financial
statements of Rogers Communications Inc., which comprise the
consolidated statements of financial position as at December 31,
2015 and December 31, 2014, the consolidated statements of
income, comprehensive income, changes in shareholders’ equity
and cash flows for the years then ended, and notes, comprising 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 International Financial Reporting Standards as
issued by the International Accounting Standards Board, 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 our 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, we 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 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 consolidated financial position of
Rogers Communications Inc. as at December 31, 2015 and
December 31, 2014, and its consolidated financial performance
and its consolidated cash flows for the years then ended in
accordance with International Financial Reporting Standards as
issued by the International Accounting Standards Board.
Other Matter
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
Rogers Communications Inc.’s internal control over financial
reporting as of December 31, 2015, based on the criteria
established in Internal Control – Integrated Framework
(2013) issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO), and our report dated
February 11, 2016 expressed an unmodified (unqualified) opinion
on the effectiveness of Rogers Communications Inc.’s internal
control over financial reporting.
Chartered Professional Accountants, Licensed Public Accountants
February 11, 2016
Toronto, Canada
90 ROGERS COMMUNICATIONS INC. 2015 ANNUAL REPORT