DIRECTV 2005 Annual Report Download - page 75

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THE DIRECTV GROUP, INC.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of The DIRECTV Group, Inc.
El Segundo, California
We have audited the accompanying consolidated balance sheets of The DIRECTV Group, Inc.
(the ‘‘Company’’) as of December 31, 2005 and 2004, and the related consolidated statements of
operations, changes in stockholders’ equity, and cash flows for each of the three years in the period
ended December 31, 2005. Our audits also included the financial statement schedules listed in the
Index at Item 15. These financial statements and financial statement schedules are the responsibility of
the Company’s management. Our responsibility is to express an opinion on the financial statements and
financial statement schedules 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, such consolidated financial statements present fairly, in all material respects, the
financial position of The DIRECTV Group, Inc. at December 31, 2005 and 2004, and the results of
their operations and their cash flows for each of the three years in the period ended December 31,
2005, in conformity with accounting principles generally accepted in the United States of America.
Also, in our opinion, such financial statement schedules, when considered in relation to the basic
consolidated financial statements taken as a whole, present fairly, in all material respects, the
information set forth therein.
As discussed in Note 2 of the Notes to the Consolidated Financial Statements, effective January 1,
2004, The DIRECTV Group, Inc. changed its method of accounting for subscriber acquisition, upgrade
and retention costs, effective for the year ended December 31, 2005, The DIRECTV Group, Inc.
changed the presentation of its consolidated statements of cash flows to present separate disclosure of
the cash flows from operating, investing, and financing activities of discontinued operations and
retroactively revised the statements of cash flows for the years ended December 31, 2004 and 2003 for
the change.
We have also audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2005, based on the criteria established in Internal Control—Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated March 6, 2006 expressed an unqualified opinion on management’s assessment of the
effectiveness of the Company’s internal control over financial reporting and an unqualified opinion on
the effectiveness of the Company’s internal control over financial reporting.
/s/ DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
Los Angeles, California
March 6, 2006
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