This excerpt taken from the NFLX 10-K filed Feb 28, 2008.
The Board of Directors and StockholdersSTYLE="margin-top:0px;margin-bottom:0px">Netflix, Inc.:
We have audited the accompanying
we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our
audits of the consolidated financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting 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 audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits
provide a reasonable basis for our opinions.
A companys internal control over financial reporting is a process designed to provide
Because of its inherent limitations, internal control over financial reporting may not
In our opinion, the consolidated financial statements referred to above present fairly, in all material
SIZE="2">/s/ KPMG LLP
Mountain View, California
SIZE="2">February 26, 2008