ADT 2009 Annual Report Download - page 173

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Tyco International Ltd.:
We have audited the accompanying consolidated balance sheets of Tyco International Ltd. and
subsidiaries (the ‘‘Company’’) as of September 25, 2009 and September 26, 2008, and the related
consolidated statements of operations, shareholders’ equity, and cash flows for each of the three fiscal
years in the period ended September 25, 2009. Our audits also included the financial statement
schedule listed in the Index at Item 15. These financial statements and financial statement schedule are
the responsibility of the Company’s management. Our responsibility is to express an opinion on the
financial statements and financial statement schedule based on our audits.
We conducted our audits in accordance with the 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
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, such consolidated financial statements present fairly, in all material respects, the
financial position of Tyco International Ltd. and subsidiaries as of September 25, 2009 and
September 26, 2008, and the results of their operations and their cash flows for each of the three fiscal
years in the period ended September 25, 2009, in conformity with accounting principles generally
accepted in the United States of America. Also, in our opinion, such financial statement schedule,
when considered in relation to the basic consolidated financial statements taken as a whole, presents
fairly, in all material respects, the information set forth therein.
As discussed in Note 1 to the consolidated financial statements: i) effective September 29, 2007 the
Company adopted new accounting guidance on the accounting for uncertain income tax positions,
ii) the Company changed the depreciation method and estimated useful life used to account for pooled
subscriber system assets and related deferred revenue from the straight-line method with lives ranging
from 10 to 14 years to an accelerated method with lives up to 15 years effective as of the beginning of
the third quarter of fiscal 2007, and iii) the Company adopted the new accounting guidance for the
recognition and related disclosure provisions for defined benefit pension and other postretirement plans
effective September 29, 2007 and the related guidance on the measurement date effective
September 27, 2008.
We have also audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the Company’s internal control over financial reporting as of
September 25, 2009, based on the criteria established in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
November 16, 2009 expressed an unqualified opinion on the Company’s internal control over financial
reporting.
/s/ DELOITTE & TOUCHE LLP
New York, New York
November 16, 2009
2009 Financials 81