| |
We have examined management’s
assertion, included in the accompanying Report of
Management, that Ameritrade Holding Corporation
and its subsidiaries (collectively, the “Company”)
maintained effective internal control over financial
reporting for financial presentations in conformity
with accounting principles generally accepted in
the United States of America, as of September 27,
2002 based on criteria for effective control over
financial reporting established in Internal
Control Ð Integrated Framework issued by
the Committee of Sponsoring Organizations of the
Treadway Commission (the COSO Report). The Company’s
management is responsible for maintaining effective
internal control over financial reporting. Our responsibility
is to express an opinion on management’s assertion
based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included obtaining an understanding of the internal control over financial reporting, testing, and evaluating the design and operating effectiveness of the internal control and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.
Because of inherent limitations in any internal control, misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal control over financial reporting to future periods are subject to the risk that the internal control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
In our opinion, management’s assertion that the Company maintained effective internal control over financial reporting for financial presentations in conformity with accounting principles generally accepted in the United States of America, as of September 27, 2002, is fairly stated, in all material respects, based on criteria established in the COSO Report. |
 |
 |
| Omaha, Nebraska |
|
|
