ADT 2009 Annual Report Download - page 269

REPORT OF THE STATUTORY AUDITOR
To the General Meeting of
TYCO INTERNATIONAL LTD., SCHAFFHAUSEN
Report on the financial statements
As statutory auditor, we have audited the accompanying financial statements of Tyco
International Ltd., which comprise the balance sheet, statement of operations and notes for the period
ended September 25, 2009.
Board of Directors’ Responsibility
The Board of Directors is responsible for the preparation of the financial statements in accordance
with requirements of Swiss law and the Company’s articles of incorporation. This responsibility includes
designing, implementing and maintaining an internal control system relevant to the preparation of the
financial statements that are free from material misstatement, whether due to fraud or error. The
Board of Directors is further responsible for selecting and applying appropriate accounting policies and
making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards
require that we plan and perform the audit to obtain reasonable assurance whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the auditor considers the internal control system
relevant to the entity’s preparation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness
of the entity’s internal control system. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the
overall presentation of the financial statements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements for the period ended September 25, 2009 comply with
Swiss law and the Company’s articles of incorporation.