Types of services current year audit 3500000 non

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Types of Services Current Year Audit $ 35,000.00 Non-Audit: Interim Financial Statements assistance $ 11,575.00 Total Audit and Non-Audit Fees $ 46,575.00 This report is intended solely for the use of the Audit Committee, management and others within the Company and should not be used for any other purposes. We look forward to discussing with you the matters addressed in this letter as well as other matters that may be of interest to you at our upcoming meeting. We will be prepared to answer any questions you may have regarding our independence as well as other matters. Independence communication with the BOD
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Yours truly, Chiu & Wasserman SENCRL, srl C&W LLP Audit Program Planning Meeting Agenda Client: Dollarama Inc.
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Client #: 450165 Year/Period End: January 29, 2012 The Planning Meeting Agenda is used to document the discussions held between engagement team members and the planning conclusions reached for each significant area when planning the audit engagement. The purpose of the planning meeting is to establish the overall audit strategy for the engagement and communicate the audit plan to all the engagement team members. Ensure procedures/discussions are documented in sufficient detail to ensure that any absent/new team members would be properly informed of the issues. PLANNING MEETING OBJECTIVES Gather knowledge of client’s business and systems documentation; Obtain the operating results for the most recent period up until the date of the planning meeting; Discuss with GP and client about recent firm services and events that have occurred or are expected to occur; Review the prior year’s audit file for comments that may be relevant to the meeting discussions. PLANNING NOTES 1. Date of meeting: February 7, 2012 2. Meeting attendees: GP (Engagement Partner) Peer Reviewer Supervisory Reviewer Tax Reviewer Manager(s) Audit Senior(s) Staff Accountant(s) Team member(s) not attended Ensure team members who are unable to attend the planning meeting receive and review the Planning Meeting Agenda and the planning conclusions reached. 3. Dates for major milestones: Planning February 7, 2012 Detailed file review April 2, 2012 Completion of internal control work Tax review April 2, 2012 Commence fieldwork March 5, 2012 Supervisory review April 3, 2012 Complete fieldwork March 30, 2012 Peer review April 4, 2012 Draft financials for internal review April 2, 2012 Board approval of F/S April 11, 2012 4. Document consideration of prior year engagement: Improvements to current engagement Possible areas of over/under auditing Actual hours vs. budgeted hours and reasons for large variances Issues/events that caused delays in past engagements Other concerns New engagement - areas of concern are the audit of subsidiaries  5. Document planning meeting discussion with team members. Consider the following items for discussion: Changes to the business operations, financial condition, key personnel and/or systems; New amended audit/accounting requirements and/or industry regulations that could affect client;
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