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- 11 lrrm <br />L036 <br />1, WA Al <br />KPMG LLP <br />618 Greenwood Centre <br />3200 Deziel Drive <br />Windsor, ON N8W 51<8 <br />Telephone (519) 251-3500 <br />Fax (519) 251-3530 <br />www.kpmg.ca <br />INDEPENDENT AUDITORS' REPORT <br />To the Members of Council, Inhabitants and Ratepayers of The Corporation of the County <br />of Essex: <br />We have audited the accompanying consolidated financial statements of The Corporation <br />of the County of Essex, which comprise the consolidated statement of financial position as <br />at December 31, 2016 and the consolidated statements of operations and accumulated <br />surplus, change in net financial assets and cash flows for the year then ended, and notes, <br />comprising a summary of significant accounting policies and other explanatory information. <br />Management's Responsibility for the Consolidated Financial Statements <br />Management is responsible for the preparation and fair presentation of these consolidated <br />financial statements in accordance with Canadian public sector accounting standards and <br />for such internal control as management determines is necessary to enable the <br />preparation of consolidated financial statements that are free from material misstatement, <br />whether due to fraud or error. <br />Auditors' Responsibility <br />Our responsibility is to express an opinion on these consolidated financial statements <br />based on our audit. We conducted our audit in accordance with Canadian generally <br />accepted auditing standards. Those standards require that we comply with ethical <br />requirements and plan and perform an audit to obtain reasonable assurance about <br />whether the consolidated financial statements are free from material misstatement. <br />An audit involves performing procedures to obtain audit evidence about the amounts and <br />disclosures in the financial statements. The procedures selected depend on our judgment, <br />including the assessment of the risks of material misstatement of the consolidated financial <br />statements, whether due to fraud or error. In making those risk assessments, we consider <br />internal controls relevant to the Entity's preparation and fair presentation of the <br />consolidated financial statements in order to design audit procedures that are appropriate <br />in the circumstances, but not for the purpose of expressing an opinion on the effectiveness <br />of the Entity's internal control. An audit also includes evaluating the appropriateness of <br />accounting policies used and the reasonableness of accounting estimates made by <br />management, as well as evaluating the overall presentation of the consolidated financial <br />statements. <br />We believe that the audit evidence we have obtained is sufficient and appropriate to <br />provide a basis for our audit opinion. <br />KPMG KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member <br />firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG Canada provides services to <br />KPMG LLP. KPMG Confidential <br />