Tucows 2012 Annual Report Download - page 79

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F-3
Report of the Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Tucows Inc.:
We have audited the accompanying consolidated balance sheets of Tucows Inc., as of December 31, 2012 and
December 31, 2011, 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, 2012. 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, 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, 2012 and December 31, 2011, and the results of its operations and
its cash flows for each of the years in the three-year period ended December 31, 2012, in conformity with U. S. generally
accepted accounting principles.
/s/ KPMG LLP
Chartered Accountants, Licensed Public Accountants
Toronto, Canada
March 12, 2013