THQ 2004 Annual Report Download - page 54

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To the Stockholders of THQ Inc.,
Calabasas Hills, California
We have audited the accompanying consolidated balance sheets of THQ Inc. and subsidiaries (the “Company”) as of March 31, 2004 and 2003 and
December 31, 2002 and the related consolidated statements of operations, stockholders’ equity and cash flows for the fiscal year ended March 31, 2004,
three months ended March 31, 2003 and each of the two years in the period ended December 31, 2002. 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 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, such consolidated financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2004 and
2003 and December 31, 2002 and the results of its operations and its cash flows for the fiscal year ended March 31, 2004, three months ended March 31, 2003
and each of the two years in the period ended December 31, 2002, in conformity with accounting principles generally accepted in the United States of America.
As discussed in Note 2 to the financial statements, the Company adopted Statement of Financial Accounting Standards No. 142 “Goodwill and Other
Intangible Assets” effective January 1, 2002.
DELOITTE & TOUCHE LLP
Los Angeles, California
June 14, 2004
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM