The arrangements outlined above will continue in

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The arrangements outlined above will continue in effect from year to year, unless changed in writing. We believe the foregoing correctly sets forth our understanding, but if you have any questions, please let us know. If you find the arrangements acceptable, please acknowledge your agreement to the understanding by signing and returning to us the second copy of this engagement letter. It is a pleasure to be of service to you. We look forward to many years of association with you and Dollarama Inc. Yours truly, Chiu & Weisserman LLP /cb RESPONSE: This letter correctly sets forth the understanding of Dollarama Inc. _____________________________ Officer Signature ___________________ Title ________________ Date cc: Board of Directors "We are - the relationship you can count on" - Chiu & Weisserman, LLP 4
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Dollarama Inc. Report to the Audit Committee January 29, 2012 For presentation at the Audit Committee Meeting "We are - the relationship you can count on" - Chiu & Weisserman, LLP 5
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April 11, 2012 Audit Committee Dollarama Inc. 5805 Royalmount Avenue Montreal, QC H4P0A1 Re: Audit Service Plan Year ending January 29, 2012 Dear Mr. J. Swidler, We are pleased to assume the appointment as auditors of Dollarama Inc. and its subsidiaries (the "Company"). This summary Audit Service Plan is for the use of Chiu & Weisserman SENCRL, srl , the Company's Audit Committee, and members of the Company's management and staff, and is designed to document the overall approach and the general arrangements for the conduct of our fiscal year audit. The plan should assist the Audit Committee and management in understanding the approach to the 2012 audit. 1. Audit Objectives and Responsibilities Our objective and responsibility as auditors of the Company is to report to the shareholders whether the annual consolidated financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of the Company in accordance with International Financial Reporting Standards. 1. 1 Auditor Responsibilities Our audit is designed to provide reasonable, but not absolute, assurance. The audit process involves testing only selected data and is subject to the limitation that material errors, fraud, or illegal acts may not be detected. The results from the limitations inherent to internal control, including faulty human judgment in decision-making, human error and the possibility of management override or collusion, especially where fraud is perpetrated by management, where collusion or forgery are employed, or where controls are not effective. In addition, the work performed by auditors requires significant judgment regarding the gathering of evidence and the drawing of conclusions based on the audit evidence acquired; most audit evidence acquired is persuasive rather than conclusive. We will inform you of any such items discovered during our audit; however, our concern is with material misstatements, and thus, we are not responsible for the detection of misstatements that are not material to the consolidated financial statements taken as a whole.
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  • Fall '12
  • Ralph
  • ........., International Financial Reporting Standards, Cindy Chiu

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