Creative 2001 Annual Report Download - page 13

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13
TO THE BOARD OF DIRECTORS AND
SHAREHOLDERS OF CREATIVE TECHNOLOGY LTD.
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations,
of cash flows and of shareholders’ equity present fairly, in all material respects, the financial position of Creative
Technology Ltd. and its subsidiaries at June 30, 2001 and 2000, and the results of their operations and their cash
flows for each of the three years in the period ended June 30, 2001 in conformity with accounting principles generally
accepted in the United States of America. These financial statements are the responsibility of Creative’s management;
our responsibility is to express an opinion on these financial statements based on our audits. We conducted our
audits of these statements in accordance with auditing standards generally accepted in the United States of America,
which 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, assessing the accounting principles used and significant estimates
made by management, and evaluating the overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
PricewaterhouseCoopers
Singapore
August 10, 2001
REPORT OF INDEPENDENT ACCOUNTANTS