INTL FCStone 2005 Annual Report Download - page 41

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
International Assets Holding Corporation
We have audited the accompanying consolidated balance sheet of International Assets Holding Corporation,
Inc. and subsidiaries (the “Company”) as of September 30, 2005, and the related consolidated statements of
operations, changes in stockholders’ equity and cash flows for the year then ended. 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 audit.
We conducted our audit 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. The Company is not required to have,
nor were we engaged to perform, an audit of its internal control. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.
An audit also includes 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, as
well as evaluating the overall financial statement presentation. We believe that our audit provides 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 the Company as of September 30, 2005, and the results of their
operations and their cash flows for the year then ended in conformity with accounting principles generally
accepted in the United States.
Rothstein, Kass & Company, P.C.
Roseland, New Jersey
November 18, 2005
F-1