Adobe 2004 Annual Report Download - page 63

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63
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Adobe Systems Incorporated:
We have audited the accompanying consolidated balance sheets of Adobe Systems Incorporated and
subsidiaries as of December 3, 2004 and November 28, 2003, and the related consolidated statements of income,
stockholders’ equity, and cash flows for each of the years in the three-year period ended December 3, 2004. In
connection with our audits of the consolidated financial statements, we also have audited the accompanying
financial statement schedule II. These consolidated financial statements are the responsibility of the management of
Adobe Systems Incorporated. Our responsibility is to express an opinion on these consolidated financial statements
based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(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 consolidated financial statements referred to above present fairly, in all material respects, the
financial position of Adobe Systems Incorporated and subsidiaries as of December 3, 2004 and November 28, 2003,
and the results of their operations and their cash flows for each of the years in the three-year period ended
December 3, 2004, in conformity with U.S. generally accepted accounting principles.
As discussed in Note 1 of the Notes to Consolidated Financial Statements, Adobe Systems Incorporated
changed its method of accounting for goodwill in 2003.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of the internal control over financial reporting of Adobe Systems Incorporated as
of December 3, 2004, based on the criteria established in Internal Control—Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated January 31,
2005 expressed an unqualified opinion on management’s assessment of, and the effective operation of, internal
control over financial reporting.
KPMG LLP
Mountain View, California
January 31, 2005