Independent Auditor’s Report
To the Members of Evangelical International Crusades Canada. Inc.:
Report on the Financial Statements
We have audited the accompanying non-consolidated financial statements of Evangelical International Crusades Canada, Inc., which comprise the non-consolidated statement of financial position as at December 31, 2011, and the non-consolidated statement of operations, the non-consolidated statement of changes in net assets and the non-consolidated statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these non-consolidated financial statements in accordance with Canadian generally accepted accounting principles and for such internal control as management determines is necessary to enable the preparation of non-consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these non-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 the audit to obtain reasonable assurance about whether the non-consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the non-consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the non-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 non-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 evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the non-consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
In our opinion, the non-consolidated financial statements present fairly, in all material respects, the financial position of Evangelical International Crusades Canada. Inc. as at December 31. 2011, and its financial performance and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.
McClurkin Ahier & Company LLP.
LICENSED PUBLIC ACCOUNTANTS
May 29, 2012