ADT 2012 Annual Report Download - page 151

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of The ADT Corporation
Boca Raton, Florida
We have audited the accompanying consolidated and combined balance sheets of The ADT Corporation and
subsidiaries (previously the North American Residential Security Business of Tyco International Ltd.) (the
“Company”) as of September 28, 2012 and September 30, 2011, and the related consolidated and combined
statements of operations, stockholders’ equity, and cash flows for each of the three fiscal years in the period
ended September 28, 2012. 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. The Company is not required to have, nor
were we engaged to perform, an audit of its internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements,
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 financial statements present fairly, in all material respects, the consolidated and combined
financial position of The ADT Corporation and subsidiaries as of September 28, 2012 and September 30, 2011,
and the consolidated and combined results of its operations and its cash flows for each of the three fiscal years in
the period ended September 28, 2012, 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 and combined 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 and combined financial statements, prior to the separation of the
Company from Tyco International Ltd. (“Tyco”), the Company was comprised of the assets and liabilities used in
managing and operating the North American Residential Security Business of Tyco. For periods prior to the
separation of the Company from Tyco, the consolidated and combined financial statements also include
allocations from Tyco. These allocations may not be reflective of the actual level of assets, liabilities, or costs
which would have been incurred had the Company operated as a separate entity apart from Tyco.
/s/ DELOITTE & TOUCHE LLP
Certified Public Accountants
Boca Raton, Florida
November 27, 2012
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