Adobe 2001 Annual Report Download - page 59

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INDEPENDENT AUDITORS’ REPORT
To the Board of Directors and Stockholders of Adobe Systems Incorporated:
We have audited the accompanying consolidated financial statements of Adobe Systems Incorporated
and subsidiaries as listed in the accompanying index. In connection with our audits of the consolidated
financial statements, we also have audited the accompanying financial statement schedule. These
consolidated financial statements and financial statement schedule are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements and
financial statement schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States of America. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the 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 above present fairly, in all material
respects, the financial position of Adobe Systems Incorporated and subsidiaries as of November 30, 2001
and December 1, 2000, and the results of their operations and their cash flows for each of the years in the
three-year period ended November 30, 2001, in conformity with accounting principles generally accepted
in the United States of America. Also, in our opinion, the related financial statement schedule, when
considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all
material respects, the information set forth therein.
KPMG LLP
Mountain View, California
December 11, 2001
59