Stamps.com 2004 Annual Report Download - page 36

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F-1
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Stamps.com Inc.
We have audited the accompanying balance sheets of Stamps.com Inc. as of December 31, 2004 and 2003, and the
related statements of operations, stockholders’ equity and comprehensive loss, and cash flows for each of the three
years in the period ended December 31, 2004. 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 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 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 Stamps.com Inc. at December 31, 2004 and 2003, and the results of its operations and cash flows for each of the
three years in the period ended December 31, 2004, in conformity with U.S. generally accepted accounting
principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the effectiveness of Stamps.com Inc.’ s internal control over financial reporting as of December 31, 2004,
based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 24, 2005, expressed an unqualified
opinion thereon.
/s/Ernst & Young LLP
Los Angeles, California
February 24, 2005