Audit risks and results

Our response and significant findings

• The Corporation is exposed to litigation risk and, as a result, it may be contingently liable for settlement of these matters. The Corporation discloses the existence of contingent liabilities in note 13 to the consolidated financial statements at December 31, 2019.
• We have sent legal inquiries to both internal and external legal counsel. Legal letter responses received to date indicate that Administration’s presentation and disclosure with respect to contingencies is reasonable.
• We have discussed the existence of contingencies with members of Administration.