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56
HSBC BANK CANADA
Independent Auditors’ Report
To the Shareholders of HSBC Bank Canada
We have audited the accompanying consolidated
financial statements of HSBC Bank Canada, which
comprise the consolidated statements of financial
position as at 31 December 2013 and 31 December
2012, the consolidated income statement and statements
of comprehensive income, changes in 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, 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. 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, 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 consolidated
financial position of HSBC Bank Canada as at
31 December 2013 and 31 December 2012, and its
consolidated financial performance and its consolidated
cash flows for the years then ended in accordance with
International Financial Reporting Standards.
Chartered Accountants
Vancouver, Canada
21 February 2014