Sony 1999 Annual Report Download - page 78

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76
page
Sony Corporation Annual Report 1999
Reports of Independent Accountants
Yebisu Garden Place Tower Telephone 03-5424-8100
20-3, Ebisu 4-chome
Shibuya-ku, Tokyo 150-6013
April 26, 1999
To the Stockholders and Board of Directors of
Sony Corporation (Sony Kabushiki Kaisha)
In our opinion, the accompanying consolidated balance sheets and the related consolidated state-
ments of income, cash flows and changes in stockholders’ equity present fairly, in all material respects,
the financial position of Sony Corporation and its consolidated subsidiaries at March 31, 1998 and
1999, and the results of their operations and their cash flows for each of the three years in the period
ended March 31, 1999, in conformity with accounting principles generally accepted in the United
States of America. 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. We con-
ducted our audits of these statements in accordance with auditing standards generally accepted in the
United States of America which 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 state-
ments, assessing the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our audits provide a reason-
able basis for the opinion expressed above.