Archer Daniels Midland 2009 Annual Report Download - page 84

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78
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Archer Daniels Midland Company
Decatur, Illinois
We have audited the accompanying consolidated balance sheets of Archer Daniels Midland Company (the
Company) as of June 30, 2009 and 2008, and the related consolidated statements of earnings, shareholders’
equity, and cash flows for each of the three years in the period ended June 30, 2009. Our audits also included the
financial statement schedule listed in the Index at Item 15(a). These financial statements and schedule are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements and 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, the financial statements referred to above present fairly, in all material respects, the consolidated
financial position of Archer Daniels Midland Company at June 30, 2009 and 2008, and the consolidated results
of its operations and its cash flows for each of the three years in the period ended June 30, 2009, in conformity
with U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement
schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly in all
material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Archer Daniels Midland Company’s internal control over financial reporting as of June 30, 2009,
based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated August 26, 2009, expressed an unqualified
opinion thereon.
/s/ Ernst & Young LLP
St. Louis, Missouri
August 26, 2009