WebEx 2002 Annual Report Download - page 34

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INDEPENDENT AUDITORS’ REPORT
The Board of Directors and Stockholders
WebEx Communications, Inc.:
We have audited the consolidated financial statements of WebEx Communications, Inc. and subsidiaries
(the “Company”) as listed in the accompanying index. These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of
America. 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 WebEx Communications, Inc. and subsidiaries as of December 31, 2002 and 2001, and
the results of their operations and their cash flows for each of the years in the three-year period ended December
31, 2002, in conformity with accounting principles generally accepted in the United States of America.
/s/ KPMG LLP
Mountain View, California
February 4, 2003
30