SanDisk 2005 Annual Report Download - page 121

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of
SanDisk Corporation
We have audited the accompanying consolidated balance sheets of SanDisk Corporation as of January 1, 2006
and January 2, 2005, and the related consolidated statements of income, stockholders’ equity, and cash flows for
each of the three years in the period ended January 1, 2006. 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 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of SanDisk Corporation at January 1, 2006 and January 2, 2005, and the consol-
idated results of their operations and their cash flows for each of the three years in the period ended January 1, 2006,
in conformity with U.S. generally accepted accounting principles.
We also have 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 1,
2006, 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 8, 2006, expressed an
unqualified opinion thereon.
/s/ Ernst & Young LLP
San Jose, California
March 8, 2006
F-2