Citrix 2006 Annual Report Download - page 56

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The Board of Directors and Stockholders of
Citrix Systems, Inc.
We have audited Citrix Systems, Inc.’s internal control
over financial reporting as of December 31, 2006, based
on criteria established in Internal Control—Integrated
Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (the COSO
criteria). Citrix Systems, Inc.’s management is responsible
for maintaining effective internal control over financial
reporting, and for its assessment of the effectiveness of
internal control over financial reporting included in the
accompanying Management’s Annual Report on Internal
Control Over Financial Reporting. Our responsibility is to
express an opinion on the company’s internal control over
financial reporting based on our audit.
We conducted our audit 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 effective internal control over financial
reporting was maintained in all material respects. Our audit
included obtaining an understanding of internal control
over financial reporting, assessing the risk that a material
weakness exists, testing and evaluating the design and
operating effectiveness of internal control based on the
assessed risk, and performing such other procedures as
we considered necessary in the circumstances. We believe
that our audit provides a reasonable basis for our opinion.
A company’s internal control over financial reporting is
a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes
in accordance with generally accepted accounting
principles. A company’s internal control over financial
reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles,
and that receipts and expenditures of the company are
being made only in accordance with authorizations of
management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of
the company’s assets that could have a material effect on
the financial statements.
Because of its inherent limitations, internal control
over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes
in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
In our opinion, Citrix Systems, Inc. maintained, in
all material respects, effective internal control over
financial reporting as of December 31, 2006, based on
the COSO criteria.
We have also audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United
States), the consolidated balance sheets of Citrix Systems,
Inc. as of December 31, 2006 and 2005, and the related
consolidated statements of income, stockholders’ equity
and comprehensive income, and cash flows for each of
the three years in the period ended December 31, 2006
of Citrix Systems, Inc. and our report dated September 7,
2007 expressed an unqualified opinion thereon.
Certified Public Accountants
West Palm Beach, Florida
September 7, 2007