| |
Report of Independent Auditors
Board of Directors and Stockholders
Administaff, Inc.
We have audited the accompanying
consolidated balance sheets of Administaff, Inc. as of December
31, 1999 and 1998, and the related consolidated statements
of operations, stockholders' equity and cash flows for each
of the three years in the period ended December 31, 1999.
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 audits.
We conducted our audits in accordance
with auditing standards generally accepted in the United States.
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 audits
provide a reasonable basis for our opinion.
In our opinion, the consolidated
financial statements referred to above present fairly, in
all material respects, the consolidated financial position
of Administaff, Inc. at December 31, 1999 and 1998, and the
consolidated results of its operations and its cash flows
for each of the three years in the period ended December 31,
1999, in conformity with accounting principles generally accepted
in the United States.
ERNST
& YOUNG LLP
Houston,
Texas
February 8, 2000
|
|
