Audiovox 2003 Annual Report Download - page 145

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Independent Auditors' Report
The Board of Directors and Stockholders
Audiovox Corporation:
Under the date of May 30, 2003 we reported on the consolidated balance sheet of
Audiovox Corporation and subsidiaries as of November 30, 2002, and the related
consolidated statements of operations, stockholders' equity and comprehensive
loss and cash flows for each of the years in the two−year period ended November
30, 2002, which are included in the Company's 2003 annual report on Form 10−K.
In connection with our audits of the aforementioned consolidated financial
statements, we also audited the related consolidated financial statement
schedule in the 2003 annual report on Form 10−K. This consolidated financial
statement schedule is the responsibility of the Company's management. Our
responsibility is to express an opinion on this consolidated financial statement
schedule based on our audits.
In our opinion, such consolidated financial statement schedule, when considered
in relation to the basic consolidated financial statements taken as a whole,
presents fairly, in all material respects, the information set forth therein.
As discussed in Note 1, effective December 1, 2001, the Company adopted the
provisions of Statement of Financial Accounting Standards (Statement) No. 141,
"Business Combinations" and Statement No. 142, "Goodwill and Other Intangible
Assets".
As discussed in Note 2 to the accompanying consolidated financial statements,
the consolidated statements of operations, stockholders' equity and
comprehensive loss and cash flows for the year ended November 2001 have been
restated.
s/KPMG LLP
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
KPMG LLP
Melville, New York
May 30, 2003
144