SanDisk 2003 Annual Report Download - page 63

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REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
The Board of Directors and Stockholders
SanDisk Corporation
We have audited the accompanying consolidated balance sheets of SanDisk Corporation as of Decem-
ber 28, 2003 and December 29, 2002, and the related consolidated statements of operations, stockholders'
equity, and cash Öows for each of the three years in the period ended December 28, 2003. 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 audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States.
Those standards 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. An audit also includes assessing the
accounting principles used and signiÑcant estimates made by management, as well as evaluating the overall
Ñnancial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the Ñnancial statements referred to above present fairly, in all material respects, the
consolidated Ñnancial position of SanDisk Corporation at December 28, 2003 and December 29, 2002, and the
consolidated results of their operations and their cash Öows for each of the three years in the period ended
December 28, 2003, in conformity with accounting principles generally accepted in the United States.
/s/ Ernst & Young LLP
San Jose, California
January 19, 2004
59