PEILCC Annual Report 2024

MANAGEMENT’S REPORT Mr. John Abbott, Chair PEI Liquor Control Commission 3 Garfield Street Charlottetown, PE C1A 6A4

Dear Mr. Abbott:

The preparation of financial information is an integral part of the PEILCC’s senior management’s responsibilities, including the accompanying Financial Statements. This responsibility includes the selection of appropriate accounting policies and making judgments and estimates consistent with International Financial Reporting Standards.

The Commission maintains an accounting system and related controls providing:

PLAN A SAFE RIDE HOME

• Reasonable assurance that transactions are executed and recorded as authorized; • That assets are properly safeguarded and accounted for; and • That financial records are reliable for the preparation of Financial Statements in accordance with International Financial Reporting Standards. Financial information presented elsewhere in this annual report is consistent with that in the Financial Statements.

Respectfully submitted,

Daniel MacDonald, Chief Executive Officer

Matthew McMillan,

Acting Chief Financial Officer

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PEILCC 2023-2024 Annual Report