AMD 1995 Annual Report Download - page 252

REPORT OF
Ernst & Young LLP
INDEPENDENT AUDITORS
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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 31, 1995 and December 25, 1994 and the related
consolidated statements of income and cash flows for each of the three years in
the period ended December 31, 1995. 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 31, 1995 and December 25, 1994, and the consolidated
results of its operations and its cash flows for each of the three years in the
period ended December 31, 1995, in conformity with generally accepted accounting
principles.
/s/ Ernst & Young LLP
San Jose, California
January 9, 1996, except for note 18, as to which the date is January 17, 1996
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996