6 1 confirmation of independence we are not aware of

Info icon This preview shows pages 28–30. Sign up to view the full content.

View Full Document Right Arrow Icon
6. 1 Confirmation of Independence We are not aware of any relationships between our Firm and the Company during the year that, in our professional judgment, may reasonably be thought to bear on our independence. We hereby confirm that we are independent auditors with respect to the Company. During the course of the audit, we will communicate any significant new matters that come to our attention that, in our professional judgment, may reasonably be thought to bear on our independence. At the completion of our audit, we will reconfirm our independence. We look forward to discussing with you the matters addressed above. We will be prepared to answer any questions you may have regarding our independence, as well as any other matters of interest to you. Yours truly, Chiu & Weisserman SENCRL, sr l
Image of page 28

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
April 15, 2011 The Board of Directors Dollarama Inc. 5805 Royalmount Avenue Montreal, QC H4P0A1 Dear Sirs/Mesdames: We have been engaged to audit the consolidated financial statements of Dollarama Inc. and its subsidiaries ("the Company") for the year ending January 29, 2012. CAS 260 Communication With Those Charged With Governance ("the Standard") requires that we communicate at least annually with you regarding all relationships between the Company and Chiu & Weisserman SENCRL, srl ("C&W") that, in our professional judgment, may reasonably be thought to bear on our independence. In determining which relationships to report, the Standard requires us to consider relevant rules and related interpretations prescribed by the appropriate provincial institute and applicable legislation, covering such matters as: (a) Holding a financial interest, either directly or indirectly, in a client; (b) Holding a position, either directly or indirectly, that gives the right or responsibility to exert significant influence over the financial or accounting policies of a client; (c) Personal or business relationships of immediate family, close relatives, partners or retired partners, either directly or indirectly, with a client; (d) Economic dependence on a client; and (e) Provision of services in addition to the audit engagement. We are not aware of any relationship between the Company and C&W that, in our professional judgment, may reasonably be thought to bear on our independence, which have occurred from January 30, 2011 to April 11, 2012. Generally Accepted Auditing Standards require that we confirm our independence to the Audit Committee. Accordingly, we hereby confirm that C&W is independent with respect to the Company within the meaning of Code of Ethics of the Ordre des Comptables Agréés du Québec as of April 11, 2012. The total fees charged to the Company for audit services were $35,000 and for non-audit services were $11,575 during the period from January 30, 2011 to April 11, 2012. The table below provides a breakdown of these services and fees, according to the types of services and dollar ranges agreed with you.
Image of page 29
Image of page 30
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern