Avid 2009 Annual Report Download - page 50

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45
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders of Avid Technology, Inc.
We have audited the accompanying consolidated balance sheets of Avid Technology, Inc. as of December 31, 2009 and 2008, and the
related consolidated statements of operations, stockholders' equity, and cash flows for each of the three years in the period ended
December 31, 2009. Our audit also included the financial statement schedule listed in the index in Item 15(a) 2. 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 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 financial statements referred to above present fairly, in all material respects, the consolidated financial position of
Avid Technology, Inc. at December 31, 2009 and 2008, and the consolidated results of its operations and its cash flows for each of the
three years in the period ended December 31, 2009, in conformity with U.S. generally accepted accounting principles. Also, in our
opinion the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole, present
fairly in all material respects the information set forth therein.
As discussed in Note G to the consolidated financial statements, Avid Technology, Inc. changed its method of accounting for business
combinations with the adoption of the guidance originally issued in FASB Statement No. 141(R), Business Combinations (codified in
FASB ASC Topic 805, Business Combinations) effective January 1, 2009.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Avid
Technology, Inc.’s internal control over financial reporting as of December 31, 2009, based on criteria established in Internal Control-
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
March 16, 2010 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
Boston, Massachusetts
March 16, 2010