Harman Kardon 2010 Annual Report Download - page 68

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Harman International Industries, Incorporated:
We have audited the accompanying consolidated balance sheets of Harman International Industries,
Incorporated and subsidiaries (“the Company”) as of June 30, 2010 and 2009, and the related consolidated
statements of operations, shareholders’ equity and comprehensive income, and cash flows for each of the years in
the three-year period ended June 30, 2010. In connection with our audits of the consolidated financial statements,
we also have audited the related financial statement schedule for each of the years in the three-year period ended
June 30, 2010. These consolidated financial statements and financial statement schedule are the responsibility of
the Company’s management. Our responsibility is to express an opinion on these consolidated financial
statements and financial statement schedule based on our audits.
We conducted our audits 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 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 consolidated financial statements referred to above present fairly, in all material respects,
the financial position of Harman International Industries, Incorporated and subsidiaries as of June 30, 2010 and
2009, and the results of their operations and their cash flows for each of the years in the three-year period ended
June 30, 2010, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the related
financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a
whole, presents fairly, in all material respects, the information set forth therein.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method of
accounting for its convertible debt instruments in 2010 due to the adoption of guidance issued by the Financial
Accounting Standards Board within the Accounting Standards Codification 470-20, Debt with Conversion and
Other Options.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Harman International Industries, Incorporated’s internal control over financial reporting as of
June 30, 2010, based on criteria established in Internal Control—Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission, and our report dated August 5, 2010 expressed an
unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
/s/ KPMG LLP
Stamford, Connecticut
August 5, 2010
47