OE News Special Edition June 2014

Independent Auditors' ReportTo the Members of Operating Engineers’ Pension Plan:The accompanying summary financial statements, which comprise the summary Statements of Net AssetsAvailable for Benefits as at April 30, 2013 and 2012, the summary Statements of Changes in Net Assets Availablefor Benefits, and the summary Statement of Expenses for the years then ended, are derived from the auditedfinancial statements of the Operating Engineers’ Pension Plan for the years ended April 30, 2013 and 2012. Weexpressed a qualified opinion on those financial statements in our report dated October 23, 2013. Those financialstatements, and the summary financial statements, do not reflect the effects of events that occurred subsequent tothe date of our report on those financial statements.The summary financial statements do not contain all the disclosures required by Section 9(7) of the PensionBenefits Standards Act of British Columbia. Reading the summary financial statements, therefore, is not asubstitute for reading the audited financial statements of Operating Engineers’ Pension Plan.Administration's Responsibility for the Summary Financial StatementsThe administration and the Plan’s trustees are responsible for the preparation and fair presentation of a summary ofthe audited financial statements in accordance with Section 9(7) of the Pension Benefits Standards Act of BritishColumbia.Auditors' ResponsibilityOur responsibility is to express an opinion on the summary financial statements based on our procedures which wereconducted in accordance with Canadian Auditing Standard (CAS) 810, “Engagements to Report on Summary FinancialStatements.”Except as described in the Basis for Qualified Opinion paragraph, we conducted our audit in accordance withCanadian Auditing Standards. Those standards require that we comply with ethical requirements and plan andperform the audit to obtain reasonable assurance about whether the financial statements are free from materialmisstatement.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualifiedaudit opinion.Basis for Qualified OpinionWe did not review the accounting records of the participating employers to ascertain whether remittances made bythem were in accordance with the requirements of the Plan. Accordingly, our work in respect of remittances fromemployers was limited to the amounts recorded in the books of the Plan.Qualified OpinionIn our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinionparagraph, the summary financial statements present fairly in all material respects the net assets available forbenefits of the Plan as at April 30, 2013 and 2012 and the results of its operations and changes in net assetsavailable for benefits for the years then ended in accordance with Section 9(7) of the Pension Benefits Standards Actof British Columbia.Vancouver, British ColumbiaJune 3, 2014Chartered AccountantsACCOUNTING › CONSULTING › TAX2300, 1055 DUNSMUIR STREET, PO BOX 49148; VANCOUVER BC; V7X 1J11-877-688-8408 P: 604-685-8408 F: 604-685-8594 www.MNP.caSpecial Edition Fall 2014 News 19