Audiovox 2012 Annual Report Download - page 393

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Report of Independent Registered Public Accounting Firm
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ASA Electronics, LLC and Subsidiary
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We have audited the accompanying consolidated balance sheets of ASA Electronics, LLC and Subsidiary as of November 30, 2011 and
2010, and the related consolidated statements of income, members' equity, and cash flows for each of the three years in the period ended
November 30, 2011. These financial statements are the responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.
Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, 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 provided 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 ASA
Electronics, LLC and Subsidiary as of November 30, 2011 and 2010 and the results of their operations and their cash flows for each of
the three years in the period ended November 30, 2011, in conformity with U.S. generally accepted accounting principles.
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