INTL FCStone 2005 Annual Report Download - page 42

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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
and subsidiaries as of September 30, 2004, 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. 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 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 International Assets Holding Corporation and subsidiaries as of September 30, 2004, 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 of America.
As discussed in Note 2 of the consolidated financial statements, the consolidated financial statements for the
year ended September 30, 2004 have been restated.
KPMG LLP
Tampa, Florida
December 12, 2004, except as to Note 2, which is as of May 21, 2005
F-2