SkyWest Airlines 2002 Annual Report Download - page 32

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This is a copy of the audit report previously issued by Arthur Andersen LLP in connection with
the Company’s consolidated financial statements as of December 31, 2001 and 2000 and for each of
the years in the three-year period ended December 31, 2001. This audit report has not been reissued by
Arthur Andersen LLP in connection with this Form 10-K because Arthur Andersen LLP has ceased
operations.
Subsequent to Arthur Andersen LLP’s issuance of this report, the Company has restated its
consolidated financial statements as of and for the year ended December 31, 2001. The restated 2001
financial statements have been audited by KPMG LLP, as indicated in their report.
Report of Independent Public Accountants
To SkyWest, Inc.:
We have audited the accompanying consolidated balance sheets of SkyWest, Inc. and subsidiaries
as of December 31, 2001 and 2000, and the related consolidated statements of income, stockholders’
equity and cash flows for each of the three years in the period ended December 31, 2001. These
financial statements are the responsibility of the Company’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. 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 SkyWest, Inc. and subsidiaries as of December 31, 2001 and 2000, and the
results of their operations and their cash flows for each of the three years in the period ended
December 31, 2001 in conformity with accounting principles generally accepted in the United States.
/s/Arthur Andersen LLP
Salt Lake City, Utah
February, 22, 2002
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