FINANCIALS

Statement of management’s responsibility for financial statements

The accompanying financial statements of the Children’s Hospital of Eastern Ontario Foundation are the responsibility of management. These financial statements have been prepared by management in accordance with Canadian Accounting Standards for not-for-profit organizations, which sets out generally accepted accounting principles [“GAAP”] for not-for-profit organizations in Canada.

The Foundation maintains systems of internal accounting and administrative controls of high quality, consistent with reasonable cost. Such systems are designed to provide reasonable assurance that the financial information is relevant, reliable, accurate, and complete, in all material respects, and that the Foundation’s assets are appropriately accounted for and adequately safeguarded.

The Board of Directors is responsible for ensuring that management fulfills its responsibilities for financial reporting and is ultimately responsible for reviewing and approving the financial statements. The Board carries out this responsibility principally through its Finance Committee, whose members are appointed by the Board.

The Finance Committee meets with management and the external auditors to discuss internal controls over the financial reporting process, auditing matters and financial reporting issues, and to satisfy itself that each party is properly discharging its responsibilities. The Finance Committee reports its findings to the Board for consideration when approving the financial statements for issuance to the members in the Annual Report.

Kevin Keohane,
President and CEO
and
Dan Holland,
Vice President, Finance


FINANCIAL STATEMENTS