Creative 2002 Annual Report Download - page 21

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19
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, 2002 and 2001, and the results of their operations and their cash flows for each of
the three years in the period ended June 30, 2002 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 14, 2002
REPORT OF INDEPENDENT ACCOUNTANTS