Adobe 2007 Annual Report Download - page 106

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106
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Adobe Systems Incorporated:
We have audited the accompanying consolidated balance sheets of Adobe Systems Incorporated and subsidiaries as of
November 30, 2007 and December 1, 2006, and the related consolidated statements of income, stockholders' equity and
comprehensive income, and cash flows for each of the years in the three-year period ended November 30, 2007. 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 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 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, 2007 and December 1, 2006 and the
results of their operations and their cash flows for each of the years in the three-year period ended November 30, 2007, in
conformity with U.S. generally accepted accounting principles.
As discussed in Note 11 and Note 12 to the Consolidated Financial Statements, effective December 3, 2005, the
Company adopted the provision of Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based
Payment, and Securities and Exchange Commission Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year
Misstatements when Quantifying Misstatements in the Current Year Financial Statements.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), Adobe Systems Incorporated's internal control over financial reporting as of November 30, 2007, based on the
criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO), and our report dated January 24, 2008, expressed an unqualified opinion on the effective
operation of internal control over financial reporting.
/s/KPMG LLP
Mountain View, California
January 24, 2008