Dish Network 2012 Annual Report Download - page 56

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
DISH Network Corporation:
We have audited the accompanying consolidated balance sheets of DISH Network Corporation and subsidiaries
as of December 31, 2012 and 2011 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, 2012. We also have audited DISH Network Corporation’s internal control over
financial reporting as of December 31, 2012 based on criteria established in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
DISH Network Corporation’s management is responsible for these consolidated financial statements, for
maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of
internal control over financial reporting, included in the accompanying Management’s Annual Report on
Internal Control Over Financial Reporting. Our responsibility is to express an opinion on these consolidated
financial statements and an opinion on DISH Network Corporation’s internal control over financial reporting
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 audits to obtain reasonable assurance
about whether the financial statements are free of material misstatement and whether effective internal control
over financial reporting was maintained in all material respects. Our audits of the consolidated financial
statements included 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, and
evaluating the overall financial statement presentation. Our audit of internal control over financial reporting
included obtaining an understanding of internal control over financial reporting, assessing the risk that a
material weakness exists, and testing and evaluating the design and operating effectiveness of internal control
based on the assessed risk. Our audits also included performing such other procedures as we considered
necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.
A company’s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles. A company’s internal control over financial
reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management and directors of the
company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company’s assets that could have a material effect on the financial
statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Continued
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
financial position of DISH Network Corporation and subsidiaries as of December 31, 2012 and 2011, and the
results of their operations and their cash flows for each of the years in the three-year period ended December
31, 2012, in conformity with U.S. generally accepted accounting principles. Also in our opinion, DISH
Network Corporation maintained, in all material respects, effective internal control over financial reporting as
of December 31, 2012, based on criteria established in Internal Control – Integrated Framework issued by the
COSO.
Management’s evaluation of the effectiveness of DISH Network Corporation and subsidiaries’ internal control
over financial reporting as of December 31, 2012, excluded DBSD and TerreStar, which were acquired in
2012. Our audit of internal control over financial reporting of DISH Network Corporation and subsidiaries also
excluded an evaluation of the internal control over financial reporting of these subsidiaries. The aggregate
amount of total assets and revenues of DBSD and TerreStar included in the consolidated financial statements of
DISH Network Corporation and subsidiaries as of and for the year ended December 31, 2012 were $3.386
billion and $1 million, respectively.
/s/ KPMG LLP
Denver, Colorado
February 20, 2013
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