Symantec 2003 Annual Report Download - page 73

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Symantec 2003 71
The Board of Directors and Stockholders
Symantec Corporation
We have audited the accompanying consolidated balance sheet of Symantec Corporation as of March 31, 2002, and the related consolidated state-
ments of operations, stockholders’ equity, and cash flows for each of the two years in the period ended March 31, 2002. Our audits also included
the financial statement schedule in Schedule II for the two years in the period ended March 31, 2002. These financial statements and schedule
are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and schedule 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 exam-
ining, 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, prior to the disclosures, adjustments and reclassifications described in KPMG LLP’s report
(dated April 23, 2003, except for Note 18, which is as of May 13, 2003, and Notes 4, 16 and 17, which are as of June 11, 2003), present fairly, in all
material respects, the consolidated financial position of Symantec Corporation at March 31, 2002, and the consolidated results of its operations
and its cash flows for each of the two years in the period ended March 31, 2002, in conformity with accounting principles generally accepted in the
United States. Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as
a whole, presents fairly in all material respects the information set forth therein.
San Jose, California
April 22, 2002
Report of Ernst & Young LLP, Independent Auditors