Coach 2002 Annual Report Download - page 41

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Table of Contents
The following report is a copy of a previously issued Report of Independent Public Accountants. This report relates to prior
years financial statements. This report has not been reissued by Arthur Andersen LLP.
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors and Shareholders of Coach, Inc.:
We have audited the accompanying consolidated balance sheets of Coach, Inc. (a Maryland corporation) as of June 30, 2001 and July 1,
2000, and the related consolidated statements of income, stockholders’ equity and cash flows for the fiscal years ended June 30, 2001,
July 1, 2000 and July 3, 1999. These financial statements and the schedule referred to below are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these financial statements and schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the 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 financial position of Coach, Inc. as of
June 30, 2001 and July 1, 2000 and the results of its operations and its cash flows for the fiscal years ended June 30, 2001, July 1, 2000 and
July 3, 1999, in conformity with accounting principles generally accepted in the United States.
Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The schedule listed in the
index to financial statements is presented for purposes of complying with the Securities and Exchange Commission’s rules and is not a
required part of the basic financial statements. This schedule has been subjected to the auditing procedures applied in our audit of the basic
financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/ Arthur Andersen LLP
New York, New York
July 26, 2001 (except
with respect to the
matter discussed in
Note 16, as to which the
date is July 31, 2001)
38