REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Board of Directors and Shareholders of Brookfield Asset Management Inc.  We have audited the internal control over financial reporting of Brookfield Asset Management Inc. and subsidiaries (the  “Company”) as of December 31, 2013, based on the criteria established in  Internal Control – Integrated Framework (1992)  issued by the Committee of Sponsoring Organizations of the Treadway Commission. As described in Management’s Report  on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial  reporting at EZW Gazeley Limited (“Gazeley”), Industrial Developments International Inc. (“IDI”), and MPG Office Trust, Inc.  (“MPG”), which were acquired during 2013, and whose total assets, net assets, total revenues and net income on a combined  basis constitute approximately 3%, 3%, nil% and 1%, respectively, of the consolidated financial statement amounts as of and for  the year ended December 31, 2013. Accordingly, our audit did not include the internal control over financial reporting at Gazeley,  IDI and MPG. The Company’s management is responsible for maintaining effective internal control over financial reporting and  for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s  Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal  control over financial reporting based on our audit.  We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal  control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of  internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and  operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered  necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.  A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company’s  principal executive and principal financial officers, or persons performing similar functions, and effected by the company’s board  of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting  and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards  as issued by the International Accounting Standards Board. A company’s internal control over financial reporting includes those  policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the  transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as  necessary to permit preparation of financial statements in accordance with International Financial Reporting Standards as issued  by the International Accounting Standards Board, and that receipts and expenditures of the company are being made only in  accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding  prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material  effect on the financial statements.  Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper  management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely  basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are  subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance  with the policies or procedures may deteriorate.  In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December  31, 2013, based on the criteria established in  Internal Control – Integrated Framework (1992)  issued by the Committee of  Sponsoring Organizations of the Treadway Commission.  We have also audited, in accordance with Canadian generally accepted auditing standards and the standards of the Public  Company Accounting Oversight Board (United States), the consolidated financial statements as of and for the year ended  December 31, 2013 of the Company and our report dated March 28, 2014 expressed an unqualified opinion on those financial  statements.  Toronto, Canada  March 28, 2014  Chartered Professional Accountants, Chartered Accountants Licensed Public Accountants 78 BROOKFIELD ASSET MANAGEMENT 