OE News Special Edition July 2013

REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENTS
To the Members of Operating Engineers’ Benefits Plan:
The accompanying summary financial statements, which comprise the summary Statements of Net Assets Available for
Benefits as at December 31, 2011 and 2010, the summary Statements of Changes in Net Assets Available for Benefits,
and the summary Statement of Administrative Expenses for the years then ended, are derived from the audited
financial statements of the Operating Engineers’ Benefits Plan for the years ended December 31, 2011 and 2010. We
expressed a qualified opinion on those financial statements in our report dated April 30, 2012. Those financial
statements, and the summary financial statements, do not reflect the effects of events that occurred subsequent to the
date of our report on those financial statements.
The summary financial statements do not contain all the disclosures required by Canadian generally accepted
accounting principles. Reading the summary financial statements, therefore, is not a substitute for reading the audited
financial statements of Operating Engineers’ Benefits Plan.
Administration's Responsibility for the Summary Financial Statements
The administration and the Plan’s trustees are responsible for the preparation and fair presentation of a summary of the
audited financial statements in accordance with Canadian generally accepted accounting principles.
Auditors' Responsibility
Our responsibility is to express an opinion on the summary financial statements based on our procedures which were
conducted in accordance with Canadian Auditing Standard (CAS) 810, “Engagements to Report on Summary Financial
Statements.”
Except as described in the Basis for Qualified Opinion paragraph, we conducted our audit in accordance with Canadian
Auditing Standards. Those standards require that we comply with ethical requirements and plan and perform the audit
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 qualified
audit opinion.
Basis for Qualified Opinion
We were unable to review the accounting records of participating employers to determine whether contributions were in
accordance with the requirements of the Agreement and Declaration of Trust. Accordingly, our verification of employer
contributions was limited to verifying that contributions received were properly recorded.
Qualified Opinion
In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had there
been 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 net assets available for benefits of the Plan as at
December 31, 2011 and the results of its operations and changes in net assets available for benefits for the years then
ended in accordance with Canadian generally accepted accounting principles.
Vancouver, BC
April 11, 2013
Chartered Accountants
Special Edition Summer 2013 News 29