Auditors responsibility our responsibility is to

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Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated 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 whether the consolidated financial statements are free of 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 the auditors’ 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, the auditor considers 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 assessing the appropriateness of accounting principles used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe the audit evidence obtained 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 financial position of Dollarama Inc. and its subsidiaries as at January 29, 2012 and their financial performance and their cash flows for the year then ended in accordance with International Financial Reporting Standards. Emphasis Matter Form and content of this section of the auditors' report will vary depending on the nature of the auditors' other reporting responsibilities. Other Matter The financial statements of Dollarama Inc. for the year ended January 30 were reported on by Price Waterhouse Coopers SENCRL/LLP of Montreal, Canada prior to the new appointment of the auditor. Price Waterhouse Coopers SENCRL/LLP expressed an unmodified opinion on those statements on April 13, 2011. City, Province [signed: Chiu & Weisserman SENCRL, srl ] [Date of Independent Auditors' Report] [Auditors' Address] Chartered Accountants] 1 CA Auditor permit no. xxxxx The form and content of our report may need to be amended in the light of our audit findings. "We are - the relationship you can count on" - Chiu & Weisserman, LLP 17
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Fees and Expenses Any fee estimate by Chiu & Weisserman SENCRL, srl takes into account the agreed upon level of preparation and assistance from Dollarama Inc.’s personnel. Chiu & Weisserman SENCRL, srl undertakes to advise from Dollarama Inc.’s management and audit committee on a timely basis should this preparation and assistance not be provided or should any other circumstances arise which cause actual time to exceed that estimate.
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