Avnet 2002 Annual Report Download - page 44

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During the two most recent Ñscal years ended June 29, 2001 and June 30, 2000, and the subsequent
interim periods through the date of Arthur Andersen's dismissal, there was no disagreement between the
Company and Arthur Andersen, as deÑned in Item 304 of Regulation S-K, on any matter of accounting
principles or practices, Ñnancial statement disclosure, or auditing scope or procedure, which disagreement, if
not resolved to Arthur Andersen's satisfaction, would have caused Arthur Andersen to make reference to the
subject matter of such disagreement in connection with its reports, and there occurred no reportable events as
deÑned in Item 304(a)(1)(v) of Regulation S-K.
The audit reports of Arthur Andersen on the consolidated Ñnancial statements of Avnet for the Ñscal
years ended June 29, 2001 and June 30, 2000 did not contain an adverse opinion or disclaimer of opinion, nor
were they qualiÑed or modiÑed as to uncertainty, audit scope or accounting principles. During the two most
recent Ñscal years of Avnet ended June 28, 2002 and June 29, 2001, through the date of Arthur Andersen's
dismissal, neither the Company nor anyone on its behalf consulted with KPMG regarding any of the matters
or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
Avnet provided Arthur Andersen with a copy of the foregoing statements. Attached as Exhibit 16 to this
Form 10-K is a copy of Andersen's letter stating its agreement with such statements.
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