Unformatted text preview: ted statements of operations, stockholders’ equity, and cash
ﬂows for each of the three years in the period ended December 31, 2011. 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. Scope paragraph: 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. Opinion paragraph: In our opinion, the consolidated ﬁnancial statements referred to ab...
View Full Document
This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.