Dish Network 2005 Annual Report Download - page 87

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
F–2
The Board of Directors and Stockholders
EchoStar Communications Corporation:
We have audited the accompanying consolidated balance sheets of EchoStar Communications Corporation and subsidiaries as of
December 31, 2006 and 2005, and the related consolidated statements of operations and comprehensive income (loss), changes in
stockholders’ equity (deficit), and cash flows for each of the years in the three-year period ended December 31, 2006. 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 EchoStar Communications Corporation and subsidiaries as of December 31, 2006 and 2005,
and the results of their operations and their cash flows for each of the years in the three-year period ended December
31, 2006, in conformity with U.S. generally accepted accounting principles.
As described in note 2 to the accompanying consolidated financial statements, during the fourth quarter 2006, the
Company adopted Securities and Exchange Commission Staff Accounting Bulletin (SAB) No. 108, Considering the
Effects of Prior Year Misstatements when Quantifying Misstatements in the Current Year Financial Statements. In
accordance with the transition provisions of SAB No. 108, the Company recorded a $62.3 million cumulative
increase, net of tax to accumulated deficit as of January 1, 2006. As discussed in note 3 to the accompanying
consolidated financial statements, effective January 1, 2006, the Company adopted Statement of Financial
Accounting Standards No. 123(R), Share-Based Payment.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the effectiveness of EchoStar Communications Corporation’s internal control over financial reporting as of
December 31, 2006, based on criteria established in Internal Control—Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated February 28,
2007 expressed an unqualified opinion on management’s assessment of, and the effective operation of, internal
control over financial reporting.
KPMG LLP
Denver, Colorado
February 28, 2007