Logitech 2012 Annual Report Download - page 224

Report of the statutory auditor
to the general meeting of
Logitech International SA
Apples
Report of the statutory auditor on the consolidated financial statements
As statutory auditor, we have audited the accompanying consolidated financial statements of
Logitech International SA, which comprise the balance sheet, income statement, statement of cash flows, statement
of changes in shareholders’ equity and notes for the year ended March 31, 2012.
Board of Directors’ Responsibility
The Board of Directors is responsible for the preparation and fair presentation of the consolidated financial
statements in accordance with accounting principles generally accepted in the United States of America (US
GAAP) and the requirements of Swiss law. This responsibility includes designing, implementing and maintaining
an internal control system relevant to the preparation and fair presentation of consolidated financial statements that
are free from material misstatement, whether due to fraud or error. The Board of Directors is further responsible
for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in
the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with Swiss law, Swiss Auditing Standards and auditing standards generally
accepted in the United States of America. Those standards require that we plan and perform the audit to obtain
reasonable assurance whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s
preparation and fair presentation of the consolidated financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies
used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the
consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements for the year ended March 31, 2012 present fairly, in all
material respects, the financial position, the results of operations and the cash flows in accordance with accounting
principles generally accepted in the United States of America (US GAAP) and comply with Swiss law.
PricewaterhouseCoopers SA, avenue C.-F. Ramuz 45, Case postale, CH-1001 Lausanne, Switzerland
Telephone: [phone], Facsimile: [phone], www.pwc.ch
PricewaterhouseCoopers SA est membre d’un réseau mondial de sociétés juridiquement autonomes et indépendantes les unes des autres.
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