11 AUD IT OR S REP ORT Q ua l i fi ed O pi ni on In our op i ni on e xce p t f or the po s s i bl e eff e c t s of th e m att er d es c r i b ed in the B a s is f or Q u a li f ie d O pi ni on p a r ag r ap h the f i na nc i al s tat e m en ts pr es en t f a i r l y in a ll m ate r i al r e sp e ct s the f in a n c ia l po s i ti o n of W aub e t e k B u s i n es s Dev el op m en t Co r po r a ti on as at A ug us t 31 2014 and it s r es ul ts of op erati on s a nd it s ca sh f l o ws f or the ye a r then ended in ac c o r da nc e wi t h Cana di an ac c ou nti ng s t an d ar ds f or not f or pr ofi t or ga n i z at i ons O the r M att er s O ur au di t wa s m a de f or th e pu r po s e of f or m i ng an op i ni on on th e f i na nc i al s tat em en ts t ak e n as a whol e T he s up pl e m en tary i nf o r ma ti on i nc l ud ed in the s c h ed ul es is p r es en ted f or p urpo s es of ad di ti on al an al y s i s and is not a r eq ui r ed p ar t of the f in a n c ia l s tat e m en t s S uc h i n f o r m ati on has be e n s ub j e c ted to the a u di t i ng pro c ed ure s ap pl i ed in the au di t of t he f in a n c ia l s ta te m en ts a n d in o ur op i ni on i s f ai r l y s tat ed i n al l m at eria l r es pec t s in r el ati on to the f i na nc i al s tat e m en t s ta k en as a w ho l e Charte r ed P r o f e s s i on al A c c ou nta nt s Li c ens e d P u b lic A c c ou nta nt s Nov e m be r 20 2 0 14 S ud bu r y Can ad a Qualified Opi n ion In our o p inio n except for the possibl e effects of th e matter de scrib ed in the Basis for Qualified Opinio n p a ra grap h the finan cial state m ents prese n t f a i r l y i n a l l m a t e r i a l r e s p e c t s t h e f i n a n c i a l positio n of Waubete k Bu si ness Develo pment Corpo r at ion as at August 31 2 014 an d its results of operation s a nd its cash f lows for the year the n e n d e d i n a c c o r d a n c e w i t h C a n a d i a n a c c o u n t i n g stand ard s for notforp rofit orga nization s Other Matters O u r a u d i t w a s m a d e f o r t h e p u r p o s e o f f o r mi n g an opinio n on the financial statements ta ken as a whol e The suppl ement ary informati on incl ude d in the sched ules i s pre s ented for pu rpo s e s o f addition al an alysis and is not a req u ire d pa rt of th e finan cial state m ents S u ch inform ation has be en subj ecte d to the auditing pro c ed ures a pplied in th e audit of the financi a l sta t ements a nd in our opinio n is fairly stated in a ll material re spect s in relati on to the financial stateme n ts take n as a whol e C h a r t e r e d P r o f e s s i o n a l A c c o u n t a n t s L i c e n s e d P u b l i c A c c o u n t a n t s Novemb er 2 0 2014 Sudbu ry Can ada