for Financial Statements
The accompanying consolidated financial statements have been prepared by management in accordance with Canadian
generally accepted accounting principles (GAAP). Financial statements include certain amounts based on estimates and
judgments. When an alternative method exists under Canadian GAAP, management has chosen that which it deems most
appropriate in the circumstances in order to ensure that the consolidated financial statements are presented fairly, in all material
respects, in accordance with Canadian generally accepted accounting principles. The financial information presented elsewhere
in the annual report is consistent with that in the consolidated financial statements.
The Company maintains adequate systems of internal accounting and administrative controls. Such systems are designed to
provide reasonable assurance that transactions are properly authorized and recorded, the Company's assets are appropriately
accounted for and adequately safeguarded and that the financial information is relevant and reliable.
The Board of Directors of the Company is responsible for ensuring that management fulfills its responsibilities for financial
reporting, and is ultimately responsible for reviewing and approving the consolidated financial statements and the
accompanying management's discussion and analysis. The Board of Directors carries out this responsibility principally through
its Audit Committee.
The Audit Committee is appointed by the Board of Directors and all of its members are non-management directors. The Audit
Committee meets periodically with management and the external auditors to discuss internal controls, auditing matters and
financial reporting issues, and to satisfy itself that each party is properly discharging its responsibilities. The Audit Committee
also reviews the consolidated financial statements, management's discussion and analysis, the external auditors' report,
examines the fees and expenses for audit services,