About EDGAR Online | Login
 
Enter your Email for a Free Trial:
The following is an excerpt from a S-1 SEC Filing, filed by TRIAD MEDICAL INC on 9/11/1997.
Next Section Next Section Previous Section Previous Section
TRIAD MEDICAL INC - S-1 - 19970911 - AUDITORS_OPINION

REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

To Kentec Medical, Inc.:

We have audited the accompanying balance sheet of Kentec Medical, Inc. (a California corporation) as of June 30, 1997, and the related statements of operations, stockholder's equity and cash flows for the year then ended. 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 audit.

We conducted our audit in accordance with generally accepted auditing standards. 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 audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Kentec Medical, Inc. as of June 30, 1997, and the results of its operations and its cash flows for the year then ended, in conformity with generally accepted accounting principles.

Arthur Andersen LLP
Houston, Texas
August 6, 1997

F-73

KENTEC MEDICAL, INC.
BALANCE SHEET

JUNE 30,
1997
BROKERAGE PARTNERS