Henry Schein 2003 Annual Report Download - page 34

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REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors and Stockholders
Henry Schein, Inc.
Melville, New York
We have audited the accompanying consolidated balance sheets of Henry Schein, Inc. as of December 27, 2003 and December 28,
2002, and the related consolidated statements of income, changes in stockholders’ equity and cash flows for each of the three years in
the period ended December 27, 2003. These financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards
require that we plan and perform the audits 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 consolidated financial
position of Henry Schein, Inc. at December 27, 2003 and December 28, 2002, and the consolidated results of its operations and its cash
flows for each of the three years in the period ended December 27, 2003 in conformity with accounting principles generally accepted in
the United States of America.
As discussed in Note 5, the Company changed its policy of accounting for goodwill in 2002 as required by Financial Accounting
Standards Board Statement No. 142, "Goodwill and Other Intangible Assets".
BDO SEIDMAN, LLP
New York, New York
February 24, 2004
32