SanDisk 2004 Annual Report Download - page 47

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Table of Contents
REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
SanDisk Corporation
We have audited the accompanying consolidated balance sheets of SanDisk Corporation as of January 2, 2005 and December 28,
2003, and the related consolidated income statements, statements of stockholders’ equity, and statements of cash flows for each of the
three years in the period ended January 2, 2005. These 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 consolidated
financial position of SanDisk Corporation at January 2, 2005 and December 28, 2003, and the consolidated results of their operations
and their cash flows for each of the three years in the period ended January 2, 2005, in conformity with accounting principles
generally accepted in the United States.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
effectiveness of SanDisk Corporation’s internal control over financial reporting as of January 2, 2005, based on criteria established in
Internal Control−Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report, dated March 15, 2005, expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
San Jose, California
March 15, 2005 F−2