eBay 2002 Annual Report Download - page 95

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and
Stockholders of eBay Inc.:
In our opinion, the Consolidated Financial Statements listed in the index appearing under
Item 15(a)(1) on page 90 present fairly, in all material respects, the Ñnancial position of eBay Inc. and its
subsidiaries (the ""Company'') at December 31, 2001 and December 31, 2002, and the results of their
operations and their cash Öows for the three years then ended in conformity with accounting principles
generally accepted in the United States of America. These Ñnancial statements are the responsibility of the
Company's management; our responsibility is to express an opinion on these Ñnancial statements based on
our audits. We conducted our audits of these statements in accordance with auditing standards generally
accepted in the United States of America, which require that we plan and perform the audit to obtain
reasonable assurance about whether the Ñnancial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the Ñnancial
statements, assessing the accounting principles used and signiÑcant estimates made by management, and
evaluating the overall Ñnancial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.
As discussed in Note 3 to the Consolidated Financial Statements, eÅective January 1, 2002, the
Company changed its method of accounting for goodwill in accordance with Statement of Financial
Accounting Standards No. 142, ""Goodwill and Other Intangible Assets.''
PricewaterhouseCoopers LLP
San Jose, California
January 17, 2003, except for Note 17,
which is as of March 28, 2003
93