Page 38 - 2012_Annual Report

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To the Members of the Saskatchewan Indian Gaming Authority Inc.
We have audited the accompanying financial statements of the Saskatchewan Indian Gaming Authority Inc., which comprise the
statement of financial position as at March 31, 2012, March 31, 2011 and April 1, 2010, and the statements of comprehensive income,
changes in deficit, and cash flows for the years ended March 31, 2012 and March 31, 2011, 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 financial statements in accordance with International
Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these 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 financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the
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 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 financial statements.
We believe that the audit evidence we have obtained in our audit is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Saskatchewan Indian Gaming
Authority Inc. as at March 31, 2012, March 31, 2011 and April 1, 2010, and its financial performance and its cash flows for the years ended
March 31, 2012 and March 31, 2011 in accordance with International Financial Reporting Standards.
Chartered Accountants
June 5, 2012
Saskatoon, Saskatchewan
Independent Auditor’s Report
Deloitte & Touche LLP
122 1st Ave. S.
Suite 400, PCS Tower
Saskatoon SK S7K 7E5
Canada
Tel: (306) 343-4400
Fax: (306) 343-4480
www.deloitte.ca