Apple 2007 Annual Report Download - page 95

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Apple Inc.:
We have audited the accompanying consolidated balance sheets of Apple Inc. and subsidiaries (the Company) as of September 29, 2007 and
September 30, 2006, and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the years in the three-
year period ended September 29, 2007. 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 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 financial position of Apple Inc.
and subsidiaries as of September 29, 2007 and September 30, 2006, and the results of their operations and their cash flows for each of the years
in the three-year period ended September 29, 2007, in conformity with U.S. generally accepted accounting principles.
As discussed in Note 1 to the Consolidated Financial Statements, effective September 25, 2005, the Company adopted the provisions of
Statement of Financial Accounting Standards No. 123R, Share-Based Payment .
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Apple Inc.'s
internal control over financial reporting as of September 29, 2007, based on criteria established in Internal Control—Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated November 15, 2007
expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting.
/s/ KPMG LLP
Mountain View, California
November 15, 2007
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