ADT 2005 Annual Report Download - page 156
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors
and Shareholders of Tyco International Ltd.
In our opinion, the accompanying consolidated statement of operations, of shareholders’ equity
and of cash flows present fairly, in all material respects, the results of operations and cash flows of
Tyco International Ltd. and its subsidiaries for the year ended September 30, 2003, in conformity with
accounting principles generally accepted in the United States of America. In addition, in our opinion,
the financial statement schedule for the year ended September 30, 2003 presents fairly, in all material
respects, the information set forth therein when read in conjunction with the related consolidated
financial statements. These financial statements and financial statement schedule are the responsibility
of the Company’s management. Our responsibility is to express an opinion on these financial
statements and financial statement schedule based on our audit. We conducted our audit of these
statements in accordance with standards of the Public Company Accounting Oversight Board (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 consolidated financial
statements, assessing the accounting principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
As discussed in Note 8, the Company adopted provisions of Financial Accounting Standards Board
Interpretation No. 46, Consolidation of Variable Interest Entities, in fiscal year 2003.
/s/ PRICEWATERHOUSECOOPERS LLP
PRICEWATERHOUSECOOPERS LLP
New York, New York
November 4, 2003
(except as to the impact of Discontinued
Operations disclosed in Note 4, for which the
date is December 9, 2005.)
80 2005 Financials