AMD 2001 Annual Report Download - page 263

REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
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The Board of Directors and Stockholders
Advanced Micro Devices, Inc.
We have audited the accompanying consolidated balance sheets of Advanced Micro
Devices, Inc. as of December 30, 2001 and December 31, 2000, and the related
consolidated statements of operations, stockholders' equity and cash flows for
each of the three years in the period ended December 30, 2001. 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 auditing standards generally accepted
in the 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 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. as of December 30, 2001 and December 31, 2000, and the
consolidated results of its operations and its cash flows for each of the three
years in the period ended December 30, 2001, in conformity with accounting
principles generally accepted in the United States.
/s/ ERNST & YOUNG LLP
San Jose, CA
January 8, 2002
46
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002