Tucows 2015 Annual Report Download - page 168
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Report of the Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders and of Tucows Inc.
We have audited the accompanying consolidated balance sheets of Tucows Inc. as of December 31, 2015 and
December 31, 2014, and the related consolidated statements of comprehensive income, stockholders’ equity and cash
flows for each of the years in the three-year period ended December 31, 2015. These consolidated financial statements are
the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.
We conducted our audits in accordance with 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, the consolidated financial statements referred to above present fairly, in all material respects, the
financial position of Tucows Inc. as of December 31, 2015 and December 31, 2014, and the results of its operations and its
cash flows for each of the years in the three-year period ended December 31, 2015, in conformity with U.S. generally
accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Tucows 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 March 9, 2016 expressed an unqualified opinion on the
effectiveness of Tucows Inc.’s internal control over financial reporting.
/s/ KPMG LLP
Charted Professional Accountants, Licensed Public Accountants
March 9, 2016
Toronto, Canada
F-3
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