Corporate

Workplace Safety & Prevention Services Independent Auditor's Report May 4, 2016 To the Members of Workplace Safety & Prevention Services We have audited the accompanying financial statements of Workplace Safety & Prevention Services, which comprise the statement of financial position as at December 31, 2015 and the statements of operations, changes in net assets (deficiency) and cash flows for the year then ended, and the related notes, which comprise 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 the basis of accounting in note 2 to the financial statements; this includes the responsibility for determining that this basis of accounting is appropriate in the circumstances, 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 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 Workplace Safety & Prevention Services as at December 31, 2015 and the results of its operations and its cash flows for the year then ended in accordance with the basis of accounting described in note 2. Other Matter The prior year's financial statements were audited by another firm of chartered professional accountants who expressed an unqualified opinion in their report dated April 21, 2015. Basis of Accounting Without modifying our opinion, we draw attention to note 2 to the financial statements, which describes the basis of accounting. The financial statements are prepared to assist Workplace Safety & Prevention Services to meet the requirements of the Ministry of Labour. As a result, the financial statements may not be suitable for another purpose. Chartered Professional Accountants, Licensed Public Accountants PricewaterhouseCoopers LLP PwC Tower, 18 York Street, Suite 2600, Toronto, Ontario, Canada M5J 0B2*T: +1 416 863 1133, F: +1 416 365 8215 "PwC" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.

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