Electronic Arts 2008 Annual Report Download - page 183

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Electronic Arts Inc.:
We have audited Electronic Arts Inc. and subsidiaries’ internal control over financial reporting as of March 29,
2008, based on criteria established in Internal Control — Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO). Electronic Arts Inc.’s management is responsi-
ble for maintaining effective internal control over financial reporting and for its assessment of the effectiveness
of internal control over financial reporting included in the accompanying Management’s Report on Internal
Control over Financial Reporting appearing under Item 9A. Our responsibility is to express an opinion on
Electronic Arts Inc.’s internal control over financial 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 effective internal control over financial reporting was maintained in all material respects. Our
audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a
material weakness exists, and testing and evaluating the design and operating effectiveness of internal control
based on the assessed risk. Our audit also included 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 financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company’s internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of financial 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 effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness 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, Electronic Arts Inc. and subsidiaries maintained, in all material respects, effective internal
control over financial reporting as of March 29, 2008, based on criteria established in Internal Control —
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
As indicated in the accompanying Management’s Report on Internal Control over Financial Reporting,
management excluded from their evaluation of their internal control over financial reporting as of March 29,
2008 the internal control over financial reporting of VG Holding Corp. (VGH), which the Company acquired
on January 4, 2008. As of March 29, 2008, total assets, excluding goodwill and acquired intangible assets,
subject to VGH’s internal control over financial reporting represented 2% of the Company’s consolidated total
assets. For the period from January 4, 2008 through March 29, 2008, total net revenue subject to VGH’s
internal control over financial reporting represented less than 1% of the Company’s consolidated net revenue.
Our audit of internal control over financial reporting of Electronic Arts Inc. also excluded an evaluation of the
internal control over financial reporting of VGH.
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 29, 2008
and March 31, 2007, and the related consolidated statements of operations, stockholders’ equity and
comprehensive income (loss), and cash flows for each of the years in the three-year period ended March 29,
2008, and our report dated May 23, 2008 expressed an unqualified opinion on those consolidated financial
statements.
/s/ KPMG LLP
Mountain View, California
May 23, 2008
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