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July 20, 2011

Resolution to forgo an audit in favour of a compilation for the 2011/2012 financial year

Media Co-op Updates

To be presented at the Media Co-op's 2011 AGM

The membership will waive the requirement of an audit for the financial year ending March 31, 2012 and instead will opt for a compilation.

The difference between an audit and compilation is in the amount of work, scrutiny, rigor required in order to sign off on the financial statement report. A compilation is adequate for filing taxes and is much cheaper.

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