AMD 1994 Annual Report Download - page 423

REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
The Board of Directors and Shareholders Advanced Micro Devices, Inc.
We have audited the accompanying consolidated balance sheets of Advanced
Micro Devices, Inc. at December 25, 1994 and December 26, 1993 and the
related consolidated statements of income and cash flows for each of the
three years in the period ended December 25, 1994. 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 generally accepted auditing
standards. 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 Advanced
Micro Devices, Inc. at December 25, 1994 and December 26, 1993, and the
consolidated results of its operations and its cash flows for each of the
three years in the period December 25, 1994, in conformity with generally
accepted accounting principles.
/s/ Ernst & Young LLP
San Jose, California
January 5, 1995, except for the first paragraph of Note 14, as to which the date
is January 11, 1995; the fourth paragraph of Note 5, as to which the date is
February 10, 1995; and the fourth paragraph of Note 6, as to which the date is
February 16, 1995.
ADVANCED MICRO DEVICES, INC. 25
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995