FairPoint Communications 2004 Annual Report Download - page 543

INDEPENDENT AUDITORS' REPORT
To the Partners of
Illinois Valley Cellular RSA 2-III Partnership
We have audited the accompanying balance sheets of Illinois Valley Cellular RSA 2-III Partnership (an Illinois partnership) as of
December 31, 2002 and 2001, and the related statements of income, partners' capital, and cash flows for each of three years in the period
ended December 31, 2002. These financial statements are the responsibility of the Operating Partner's management. Our responsibility is
to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. 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 financial statements referred to above present fairly, in all material respects, the financial position of Illinois Valley
Cellular RSA 2-III Partnership as of December 31, 2002 and 2001, and the results of its operations and its cash flows for each of the three
years in the period ended December 31, 2002, in conformity with accounting principles generally accepted in the United States of America.
/s/ KIESLING ASSOCIATES LLP
Madison, Wisconsin
March 1, 2003