Cogeco 2014 Annual Report Download - page 57

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56 COGECO CABLE INC. 2014 Consolidated financial statements
INDEPENDENT AUDITOR'S REPORT
To the Shareholders of Cogeco Cable Inc.
We have audited the accompanying consolidated financial statements of Cogeco Cable Inc., which comprise the consolidated statements of
financial position as at August 31, 2014 and August 31, 2013, and the consolidated statements of profit or loss, consolidated statements of
comprehensive income, consolidated statements of changes in shareholders’ equity and consolidated statements of cash flows for the years
ended August 31, 2014 and August 31, 2013, 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, 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.
Auditor's 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. 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 auditor's 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 auditor considers 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, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. 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 financial position of Cogeco Cable Inc. as at August
31, 2014 and August 31, 2013, and its financial performance and its cash flows for the years ended August 31, 2014 and August 31, 2013 in
accordance with International Financial Reporting Standards.
October 31, 2014
Montreal, Québec
____________________
1 CPA auditor, CA, public accountancy permit No. A109522