CEPCO Financial Statements
KPMG LLP
Telephone (604) 793-4700
Chartered Accountants
Fax
(604) 793-4747
200-9123 Mary Street
Internet
Chilliwack BC V2P 4H7
Canada
INDEPENDENT AUDITORS' REPORT
To the Board of Chilliwack Economic Partners Corporation
We have audited the accompanying financial statements of Chilliwack Economic Partners Corporation
which comprise the statement of financial position as at December 31, 2013, the statements of
operations and accumulated surplus, change in net financial assets (debt) and cash flows for the
year then ended, and notes comprising a summary of significant accounting policies and other
explanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with Canadian public sector accounting standards, and for such internal control as
management determines is necessary to enable the preparation of 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 financial statements based on our audit. We
conducted our audit in accordance with Canadian generally accepted auditing standards. Those
standards require that we comply with ethical requirements and plan and perform an audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on our judgment, including the
assessment of the risks of material misstatement of the 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 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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of
Chilliwack Economic Partners Corporation as at December 31, 2013 and the results of its operations,
its changes in net financial assets (debt) and its cash flows for the year then ended in accordance with
Canadian public sector accounting standards.
Chartered Accountants
March 12, 2014
Chilliwack, British Columbia
59
2013 Annual Report
