AMD 1996 Annual Report Download - page 247

REPORT OF ERNST & YOUNG LLP
INDEPENDENT AUDITORS
The Board of Directors and Stockholders
Advanced Micro Devices, Inc.
We have audited the accompanying consolidated balance sheets of Advanced Micro
Devices, Inc. at December 29, 1996 and December 31, 1995, and the related
consolidated statements of operations, stockholders' equity, and cash flows
for each of the three years in the period ended December 29, 1996. 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 consolidated financial statements referred to above
present fairly, in all material respects, the consolidated financial position
of Advanced Micro Devices, Inc. at December 29, 1996 and December 31, 1995,
and the consolidated results of its operations and its cash flows for each of
the three years in the period ended December 29, 1996, in conformity with
generally accepted accounting principles.
/s/ERNST & YOUNG LLP
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San Jose, California
January 9, 1997
37
Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997