Shaw 2013 Annual Report Download - page 62

S
haw
C
ommunications Inc
.
I
NDEPENDENT A
U
DIT
O
R
S
’ REP
O
RT
O
FRE
G
I
S
TERED P
U
BLI
C
A
CCOU
NTIN
G
FIR
M
T
o the Shareholders o
f
S
haw Communications Inc.
W
e have audited the accom
p
an
y
in
g
consolidated financial statements of Shaw Communications
I
nc., wh
i
ch com
p
r
i
se the consol
i
dated statements o
ffi
nanc
i
al
p
os
i
t
i
on as at Au
g
ust
31
,
2013
and 2012, and the consolidated statements of income, comprehensive income, changes in
shareholders’ e
q
uit
y
and cash flows for the
y
ears ended Au
g
ust 31, 2013 and 2012, and
a
summar
y
o
f
s
ig
n
ifi
cant account
i
n
gp
ol
i
c
i
es and other ex
p
lanator
yi
n
f
ormat
i
on
.
M
anagement’s responsibility for the consolidated financial statement
s
M
ana
g
ement is res
p
onsible for the
p
re
p
aration and fair
p
resentation of these consolidated
fi
nanc
i
al statements
i
n accordance w
i
th Internat
i
onal F
i
nanc
i
al Re
p
ort
i
n
gS
tandards as
i
ssue
d
by the International Accounting Standards Board, and for such internal control as managemen
t
d
etermines is necessar
y
to enable the
p
re
p
aration of consolidated financial statements that are
f
ree
f
rom mater
i
al m
i
sstatement, whether due to
f
raud or error.
Auditors’ responsibilit
y
Our res
p
onsibilit
y
is to ex
p
ress an o
p
inion on these consolidated financial statements based on
o
ur aud
i
ts. We conducted our aud
i
ts
i
n accordance w
i
th
C
anad
i
an
g
enerall
y
acce
p
ted aud
i
t
i
n
g
standards and the standards of the Public Company Accounting Oversight Board (Unite
d
States). Those standards re
q
uire that we com
p
l
y
with ethical re
q
uirements and
p
lan an
d
p
er
f
orm the aud
i
t to obta
i
n reasonable assurance about whether the consol
i
dated
fi
nanc
i
a
l
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
d
isclosures in the consolidated financial statements. The
p
rocedures selected de
p
end on the
aud
i
tors’
j
ud
g
ment,
i
nclud
i
n
g
the assessment o
f
the r
i
sks o
f
mater
i
al m
i
sstatement o
f
the
consolidated financial statements, whether due to fraud or error. In making those ris
k
assessments, the auditors consider internal control relevant to the entit
y
’s
p
re
p
aration and fai
r
p
resentat
i
on o
f
the consol
i
dated
fi
nanc
i
al statements
i
n order to des
ig
n aud
i
t
p
rocedures that
are appropriate in the circumstances. An audit also includes examining, on a test basis,
evidence su
pp
ortin
g
the amounts and disclosures in the consolidated financial statements
,
evaluat
i
n
g
the a
pp
ro
p
r
i
ateness o
f
account
i
n
gp
ol
i
c
i
es used and the reasonableness o
f
accounting estimates made by management, as well as evaluating the overall presentation of
t
he consolidated financial statements
.
W
e believe that the audit evidence we have obtained in our audits is sufficient and a
pp
ro
p
riat
e
t
o
p
rov
i
de a bas
i
s
f
or our aud
i
to
pi
n
i
on.
O
pinio
n
I
n our o
p
inion, the consolidated financial statements
p
resent fairl
y
, in all material res
p
ects, the
fi
nanc
i
al
p
os
i
t
i
on o
fS
haw
C
ommun
i
cat
i
ons Inc. as at Au
g
ust
31
,
2013
and
2012
, and
i
t
s
f
inancial performance and its cash flows for the years ended August 31, 2013 and 2012 i
n
accordance with International Financial Re
p
ortin
g
Standards as issued b
y
the Internationa
l
Account
i
n
gS
tandards Board
.
58