AbbVie 2014 Annual Report Download - page 107
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13NOV201221352027
To the Board of Directors and Shareholders of AbbVie Inc.:
We have audited the accompanying combined statements of earnings, comprehensive income, equity
and cash flows of AbbVie Inc. and subsidiaries (the ‘‘Company’’) for the year ended December 31, 2012.
These combined financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit 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 combined 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 audit 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 audit provide a reasonable basis for our opinion.
In our opinion, such combined financial statements present fairly, in all material respects, the results of
operations and cash flows of the Company for the year ended December 31, 2012 in conformity with
accounting principles generally accepted in the United States of America.
As described in Note 1, the accompanying combined financial statements have been derived from the
consolidated financial statements and accounting records of Abbott Laboratories. The combined financial
statements also include expense allocations for certain corporate functions historically provided by Abbott
Laboratories. These allocations may not be reflective of the actual expense which would have been incurred
had the Company operated as a separate entity apart from Abbott Laboratories.
/s/ Deloitte & Touche LLP
Chicago, Illinois
March 15, 2013
2014 Form 10-K 101
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM