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Shaw Communications Inc.
Independent Auditors’ Report of Registered Public Accounting Firm
To the Shareholders of Shaw Communications Inc.
We have audited the accompanying consolidated financial statements of Shaw Communications Inc., which comprise the
consolidated statements of financial position as at August 31, 2015 and 2014, and the consolidated statements of income,
comprehensive income, changes in shareholders’ equity and cash flows for the years ended August 31, 2015 and 2014, 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 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 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 Shaw
Communications Inc. as at August 31, 2015 and 2014, and its financial performance and its cash flows for the years ended
August 31, 2015 and 2014 in accordance with International Financial Reporting Standards as issued by the International
Accounting Standards Board.
Other Matter
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Shaw Communication Inc.’s internal control over financial reporting as of August 31, 2015, based on the criteria established in
Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
2013 framework and our report dated November 23, 2015 expressed an unqualified opinion on Shaw Communications Inc.’s
internal control over financial reporting.
Calgary, Canada
November 23, 2015
Chartered Accountants
2015 Annual Report Shaw Communications Inc. 53