Circuit City 2001 Annual Report Download - page 20

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INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Directors of
SYSTEMAX INC.:
We have audited the accompanying consolidated balance sheets of Systemax Inc. and its subsidiaries, (the "Company"), as of December 31,
2001 and 2000 and the related consolidated statements of operations, shareholders' equity and cash flows for each of the three years in the
period ended December 31, 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 of America. 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, such consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company
at December 31, 2001 and 2000, and the consolidated results of their operations and their cash flows for each of the three years ended
December 31, 2001 in conformity with accounting principles generally accepted in the United States of America.
/s/ DELOITTE & TOUCHE LLP
New York, New York
March 5, 2002