XM Radio 2009 Annual Report Download - page 158
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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of Sirius XM Radio Inc. (formerly Sirius Satellite Radio Inc.) and
Subsidiaries:
We have audited the accompanying consolidated statements of operations, stockholders’ equity (deficit) and
comprehensive loss, and cash flows of Sirius XM Radio Inc. and Subsidiaries for the year ended December 31,
2007. Our audit also included the financial statement schedule listed in the Index at Item 15(a)(2). 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 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 financial statements referred to above present fairly, in all material respects, the
consolidated results of operations and cash flows of Sirius XM Radio Inc. and Subsidiaries for the year ended
December 31, 2007, in conformity with U.S. generally accepted accounting principles. 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.
/s/ ERNST & YOUNG LLP
New York, NY
February 29, 2008,
except Note 17 related to the 2007 financial information, as to which
the date is March 10, 2009.
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