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20Tel4168650200Fax4168650887www.bdo.caBDOCanadaLLPTDBankTower66WellingtonStreetWestSuite3600POBox131TorontoONM5K1H1CanadaIndependentAuditorsReportTotheMembersofOntarioElectronicStewardshipWehaveauditedtheaccompanyingfinancialstatementsofOntarioElectronicStewardshipwhichcomprisethebalancesheetasatDecember312013andthestatementsofchangesinnetassetsdeficiencyoperationsandcashflowsfortheyearthenendedandasummaryofsignificantaccountingpoliciesandotherexplanatoryinformation.ManagementsResponsibilityfortheFinancialStatementsManagementisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewithCanadianaccountingstandardsfornot-for-profitorganizationsandforsuchinternalcontrolasmanagementdeterminesisnecessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatementwhetherduetofraudorerror.AuditorsResponsibilityOurresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.WeconductedourauditinaccordancewithCanadiangenerallyacceptedauditingstandards.Thosestandardsrequirethatwecomplywithethicalrequirementsandplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreefrommaterialmisstatement.Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresinthefinancialstatements.Theproceduresselecteddependontheauditorsjudgmentincludingtheassessmentoftherisksofmaterialmisstatementofthefinancialstatementswhetherduetofraudorerror.Inmakingthoseriskassessmentstheauditorconsidersinternalcontrolrelevanttotheentityspreparationandfairpresentationofthefinancialstatementsinordertodesignauditproceduresthatareappropriateinthecircumstancesbutnotforthepurposeofexpressinganopinionontheeffectivenessoftheentitysinternalcontrol.Anauditalsoincludesevaluatingtheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesmadebymanagementaswellasevaluatingtheoverallpresentationofthefinancialstatements.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinion.OpinionInouropinionthesefinancialstatementspresentfairlyinallmaterialrespectsthefinancialpositionofOntarioElectronicStewardshipasatDecember312013andtheresultsofitsoperationsanditscashflowsfortheyearthenendedinaccordancewithCanadianaccountingstandardsfornot-for-profitorganizations.CharteredAccountantsLicensedPublicAccountantsMarch202014TorontoOntario