OE News Special Edition June 2014

REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIALSTATEMENTSTo the Members of Operating Engineers’ Benefits Plan:The accompanying summary financial statements, which comprise the summary Statements of Net AssetsAvailable for Benefits as at December 31, 2013 and 2012, the summary Statements of Changes in Net AssetsAvailable for Benefits, and the summary Statement of Expenses for the years then ended, are derived from theaudited financial statements of the Operating Engineers’ Benefits Plan for the years ended December 31, 2013 and2012. We expressed a qualified opinion on those financial statements in our report dated April 3, 2014. Thosefinancial statements, and the summary financial statements, do not reflect the effects of events that occurredsubsequent to the date of our report on those financial statements.The summary financial statements do not contain all the disclosures required by Canadian generally acceptedaccounting principles. Reading the summary financial statements, therefore, is not a substitute for reading theaudited financial statements of Operating Engineers’ Benefits 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 Canadian generally accepted accounting principles.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 with CanadianAuditing Standards. Those standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free from material misstatement.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 were unable to review the accounting records of participating employers to determine whether contributions werein accordance with the requirements of the Agreement and Declaration of Trust. Accordingly, our verification ofemployer contributions was limited to verifying that contributions received were properly recorded.Qualified OpinionIn our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had therebeen no limitations in the scope of our examination of employer contributions as described in the preceding paragraph,these financial statements present fairly, in all material respects, the financial position of the Plan as at December 31,2013 and 2012, and the results of its operations and its cash flows for the years then ended in accordance withCanadian generally accepted accounting principles.Vancouver, British ColumbiaAugust 12, 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 29