Anthem Blue Cross 2002 Annual Report Download - page 91

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86 Anthem, Inc. 2002 Annual Report
REPORT OF INDEPENDENT AUDITORS
Shareholders and Board of Directors
Anthem, Inc.
We have audited the accompanying consolidated balance sheets of Anthem, Inc. as of December 31, 2002 and
2001, and the related consolidated statements of income, shareholders’ equity and cash flows for each of the three years
in the period ended December 31, 2002. These financial statements are the responsibility of the Company’s manage-
ment. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States. Those
standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial state-
ments 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 signifi-
cant 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 financial statements referred to above present fairly, in all material respects, the consolidated
financial position of Anthem, Inc. at December 31, 2002 and 2001, and the consolidated results of its operations and its
cash flows for each of the three years in the period ended December 31, 2002, in conformity with accounting principles
generally accepted in the United States.
As discussed in Notes 1, 2 and 3 to the consolidated financial statements, in 2002 the Company adopted Statement
of Financial Accounting Standards No. 141, Business Combinations, and Statement of Financial Accounting Standards
No. 142, Goodwill and Other Intangible Assets.
Indianapolis, Indiana
January 27, 2003