Petsmart 2002 Annual Report Download - page 51

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders of
PETsMART.com, Inc.
In our opinion, the balance sheet and the related statement of operations, of stockholders' equity and of
cash Öows (not presented separately herein) present fairly, in all material respects, the Ñnancial position of
PETsMART.com, Inc. (the ""Company'') at December 19, 2000, and the results of its operations and its cash
Öows for the period from January 3, 2000 to December 19, 2000, in conformity with accounting principles
generally accepted in the United States of America. These Ñnancial statements are the responsibility of the
Company's management; our responsibility is to express an opinion on these Ñnancial statements based on our
audit. We conducted our audit of these statements in accordance with auditing standards generally accepted in
the United States of America, which require that we plan and perform the audit to obtain reasonable
assurance about whether the Ñnancial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the Ñnancial statements,
assessing the accounting principles used and signiÑcant estimates made by management, and evaluating the
overall Ñnancial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
P
RICEWATERHOUSE
C
OOPERS
LLP
Century City, California
March 16, 2001
F-3