Acer 2005 Annual Report Download - page 42

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- 37 -
4.4 Financial Statements Consolidated With Subsidiaries Audited by CPA
of the Recent Year
Audit Report of Independent Certified Public Accountants
The Board of Directors
Acer Incorporated:
We have audited the consolidated balance sheets of Acer Incorporated (the “Company”) and
subsidiaries as of December 31, 2004 and 2005, and the related consolidated statements of income,
changes in stockholders’ equity, and cash flows for the years then ended. These consolidated
financial statements are the responsibility of the Company’ s management. Our responsibility is to
express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the Republic of
China and the “Rules Governing Auditing and Certification of Financial Statements by Certified
Public Accountants”. Those standards and rules require that we plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the consolidated financial statements referred to in the first paragraph present fairly, in
all material respects, the financial position of Acer Incorporated and subsidiaries as of December 31,
2004 and 2005, and the results of their operations and their cash flows for the years then ended, in
conformity with accounting principles generally accepted in the Republic of China.
As stated in note 2(l) to the consolidated financial statements, the Company and subsidiaries adopted
Statement of Financial Accounting Standards No. 35 “Accounting for Assets Impairment” starting
from January 1, 2005. The effect of this accounting change is discussed in note 3.
The accompanying consolidated financial statements as of and for the year ended December 31, 2005,
have been translated into United States dollars solely for the convenience of the readers. We have
audited the translation, and in our opinion, the consolidated financial statements expressed in New
Taiwan dollars have been translated into United States dollars on the basis set forth in note 2(t) of the
notes to the consolidated financial statements.
Taipei, Taiwan (the Republic of China)
March 15, 2006, except for note 9(b),
as to which the date is
March 28, 2006.
Note to Reader
The accompanying consolidated financial statements are intended to present the financial position, results of operations and
cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those
of any other jurisdictions. The standards, procedures and practices to audit such consolidated financial statements are those
generally accepted and applied in the Republic of China.