Incredimail 2013 Annual Report Download - page 94

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Directors of
PERION NETWORK LTD.
We have audited the accompanying consolidated balance sheets of Perion Network Ltd. ("the Company") and its subsidiaries as of
December 31, 2012 and 2013, and the related consolidated statements of income, comprehensive income, changes in shareholders' equity and
cash flows for each of the three years in the period ended December 31, 2013. 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 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
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 the Company and its subsidiaries as of December 31, 2012 and 2013, and the consolidated results of their operations and their cash
flows for each of the three years in the period ended December 31, 2013, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
Company's internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control-
Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated April 10, 2014 expressed
an unqualified opinion thereon.
/
s
/ KOST FORER GABBAY & KASIERER
Tel
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Aviv, Israel
KOST FORER GABBAY & KASIERER
April 10, 2014
A Member of Ernst & Young Global
F
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