Logitech 2015 Annual Report Download - page 186

Report of the Statutory Auditor to the General Meeting of Shareholders of
Logitech International S.A., Apples
Report of the Statutory Auditor on the Consolidated Financial Statements
As statutory auditor, we have audited the accompanying consolidated financial statements of Logitech
International S.A. and subsidiaries (the Company), which comprise the consolidated balance sheet as
of March 31, 2015, and the related consolidated statements of operations, comprehensive income (loss),
cash flows, and changes in shareholders’ equity for the year then ended, and the related notes to the
consolidated financial statements.
Board of Directors’ Responsibility
The Board of Directors is responsible for the preparation and fair presentation of the consolidated
financial statements in accordance with U.S. generally accepted accounting principles and the requirements
of Swiss law. This responsibility includes designing, implementing and maintaining an internal control
system relevant to the preparation and fair presentation of consolidated financial statements that are free
from material misstatement, whether due to fraud or error. The Board of Directors is further responsible
for selecting and applying appropriate accounting policies and making accounting estimates that are
reasonable in the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on
our audit. We conducted our audit in accordance with Swiss law, Swiss Auditing Standards and auditing
standards generally accepted in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance whether the consolidated financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including
the assessment of the risks of material misstatement of the consolidated financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers the internal control system
relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness of accounting estimates made, as
well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
KPMG AG
Audit
Badenerstrasse 172 P.O. Box 1872 Telephone [phone]
CH-8004 Zurich CH-8026 Zurich Fax [phone]
Internet www.kpmg.ch
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Annual Report Fiscal Year 2015