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This excerpt taken from the WBMD 8-K filed Nov 21, 2006. Independent
Auditors’ Report
To the Board of Directors and Stockholders of Medsite, Inc.
We have audited the accompanying consolidated balance sheet of
Medsite, Inc. and Subsidiary (the “Company” as defined
in Notes 1 and 2) as of December 31, 2005, and
the related consolidated statements of operations, changes in
stockholders’ equity, and cash flows for the year then
ended. These consolidated 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 auditing standards
generally accepted in the United States of America. 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 consideration
of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control over
financial reporting. Accordingly, we express no such opinion. An
audit also includes 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, 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 consolidated financial statements referred
to above present fairly, in all material respects, the financial
position of Medsite, Inc. and Subsidiary at December 31,
2005, and the results of their operations and their cash flows
for the year then ended in conformity with accounting principles
generally accepted in the United States of America.
/s/ BDO
Seidman, LLP
BDO Seidman, LLP
New York, NY 10017
June 27, 2006
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