Twenty-First Century Fox 2005 Annual Report Download - page 68

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NEWS CORPORATION
Report of Independent Registered Public Accounting Firm on Financial Statements
To the Shareholders and Board of Directors of News Corporation:
We have audited the accompanying consolidated balance sheets of News Corporation as of June 30, 2005 and 2004, and the related
consolidated statements of operations, cash flows, and shareholders’ equity and other comprehensive income (loss) for each of the three years
in the period ended June 30, 2005. 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 consolidated financial position of News
Corporation at June 30, 2005 and 2004, and the consolidated results of their operations and their cash flows for each of the three years in the
period ended June 30, 2005, 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 News Corporation’s internal control over financial reporting as of June 30, 2005, based on criteria established in Internal
Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated August
31, 2005 expressed an unqualified opinion thereon.
E
RNST
&Y
OUNG
LLP
New York, New York
August 31, 2005
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