Invacare 2008 Annual Report Download - page 67

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Invacare Corporation
We have audited the accompanying consolidated balance sheets of Invacare Corporation and subsidiaries as
of December 31, 2008 and 2007, and the related consolidated statements of operations, cash flows and
shareholders’ equity for each of the three years in the period ended December 31, 2008. Our audits also included
the financial statement schedule listed in the Index at Item 15 (a)(2). These financial statements and schedule are
the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements and 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 consolidated financial position of Invacare Corporation and subsidiaries at December 31, 2008 and 2007, and
the consolidated results of their operations and their cash flows for each of the three years in the period ended
December 31, 2008, 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 financial statements taken as a
whole, presents fairly in all material respects the information set forth therein.
As discussed in Accounting Policies in the notes to the consolidated financial statements, the Company
adopted the provisions of SFAS No. 158, Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106 and 132(R), effective December 31,
2006.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Invacare Corporation’s internal control over financial reporting as of December 31, 2008, based
on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 26, 2009 expressed an unqualified
opinion thereon.
/s/ ERNST & YOUNG LLP
Cleveland, Ohio
February 26, 2009
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