Equifax 2006 Annual Report Download - page 50

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48 EQUIFAX 2006 ANNUAL REPORT
The Board of Directors and Shareholders of Equifax Inc.:
We have audited the accompanying consolidated balance
sheets of Equifax Inc. and subsidiaries, as of December 31,
2006 and 2005, and the related consolidated statements of
income, shareholders’ equity and comprehensive income
(loss), and cash fl ows for each of the three years in the period
ended December 31, 2006. These fi nancial statements are the
responsibility of the Company’s management. Our responsi-
bility is to express an opinion on these fi nancial statements
based on our audits.
We conducted our audits in accordance with the stan-
dards 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 fi nancial statements are free of material mis-
statement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the
fi nancial statements. An audit also includes assessing the
accounting principles used and signifi cant estimates made
by management, as well as evaluating the overall fi nancial
statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the fi nancial statements referred to above
present fairly, in all material respects, the consolidated fi nan-
cial position of Equifax Inc. and subsidiaries at December 31,
2006 and 2005, and the consolidated results of their
operations and their cash fl ows for each of the three years
in the period ended December 31, 2006, in conformity with
U.S. generally accepted accounting principles.
As discussed in Notes 1, 2 and 9 of the Notes to the
Consolidated Financial Statements, the Company adopted
Statement of Financial Accounting Standards No. 123R,
Share-Based Payment, and Statement of Financial
Accounting Standards No. 158, Employers’ Accounting
for Defi ned Benefi t Pension and Other Postretirement Plans,
an amendment of FASB Statements No. 87, 88, 106 and
132R, in 2006.
We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United
States), the effectiveness of Equifax Inc.’s internal control over
fi nancial reporting as of December 31, 2006, based on criteria
established in Internal Control – Integrated Framework
issued by the Committee of Sponsoring Organizations of
the Treadway Commission and our report dated February 27,
2007 expressed an unqualifi ed opinion thereon.
Atlanta, Georgia
February 27, 2007
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM