Circuit City 1997 Annual Report Download - page 17

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INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Directors of THE GLOBAL DIRECTMAIL CORP:
We have audited the accompanying consolidated balance sheets of Global DirectMail Corp and its subsidiaries, (the "Company"), as of
December 31, 1997 and 1996 and the related consolidated statements of income, shareholders' equity and cash flows for each of the three years
in the period ended December 31, 1997. 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 generally accepted auditing standards. 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, such consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company
at December 31, 1997 and 1996, and the consolidated results of their operations and their cash flows for each of the three years ended
December 31, 1997 in conformity with generally accepted accounting principles.
/S/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
New York, New York
February 5, 1998, March 9, 1998 as it relates to the second paragraph under
LITIGATION of Note 9.