Rayovac 2004 Annual Report Download - page 66

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Rayovac Corporation:
We have audited the accompanying consolidated balance sheets of Rayovac Corporation and subsidiaries as
of September 30, 2004 and 2003, and the related consolidated statements of operations, shareholders’ equity, and
cash flows for each of the years in the three-year period ended September 30, 2004. These consolidated 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 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 financial position of Rayovac Corporation and subsidiaries as of September 30, 2004 and 2003, and the
results of their operations and their cash flows for each of the years in the three-year period ended September 30,
2004 in conformity with U.S. generally accepted accounting principles.
/s/ KPMG LLP
KPMG LLP
Atlanta, Georgia
November 12, 2004
51