Electronic Arts 2005 Annual Report Download - page 155

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Electronic Arts Inc.:
We have audited management's assessment, included in the accompanying ""Management's Report on
Internal Control over Financial Reporting'', that Electronic Arts Inc. maintained eÅective internal control
over Ñnancial reporting as of March 26, 2005, based on criteria established in Internal Control Ì Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Electronic Arts Inc.'s management is responsible for maintaining eÅective internal control over Ñnancial
reporting and for its assessment of the eÅectiveness of internal control over Ñnancial reporting. Our
responsibility is to express an opinion on management's assessment and an opinion on the eÅectiveness of the
Company's internal control over Ñnancial reporting based on our audit.
We conducted our audit 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 eÅective internal control over Ñnancial reporting was maintained in all material
respects. Our audit included obtaining an understanding of internal control over Ñnancial reporting, evaluating
management's assessment, testing and evaluating the design and operating eÅectiveness of internal control,
and performing such other procedures as we considered necessary in the circumstances. We believe that our
audit provides a reasonable basis for our opinion.
A company's internal control over Ñnancial reporting is a process designed to provide reasonable assurance
regarding the reliability of Ñnancial reporting and the preparation of Ñnancial statements for external purposes
in accordance with generally accepted accounting principles. A company's internal control over Ñnancial
reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reÖect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of Ñnancial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management and directors of the
company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material eÅect on the Ñnancial
statements.
Because of its inherent limitations, internal control over Ñnancial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of eÅectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
In our opinion, management's assessment that Electronic Arts Inc. maintained eÅective internal control over
Annual Report
Ñnancial reporting as of March 26, 2005, is fairly stated, in all material respects, based on criteria established
in Internal Control Ì Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO). Also, in our opinion, Electronic Arts Inc. maintained, in all material
respects, eÅective internal control over Ñnancial reporting as of March 26, 2005, based on criteria established
in Internal Control Ì Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO).
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the consolidated balance sheets of Electronic Arts Inc. and subsidiaries as of March 26, 2005
and March 27, 2004, and the related consolidated statements of operations, stockholders equity and other
comprehensive income, and cash Öows for each of the years in the three-year period ended March 26, 2005,
and the Ñnancial statement schedule and our report dated June 3, 2005 expressed an unqualiÑed opinion on
those consolidated Ñnancial statements.
KPMG LLP
San Francisco, California
June 3, 2005
99