Fluor 2004 Annual Report Download - page 71

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Report of Independent Registered Public Accounting Firm
Board of Directors and Shareholders
Fluor Corporation
We have audited the accompanying consolidated balance sheets of Fluor Corporation as of December 31, 2004 and 2003, and
the related consolidated statements of earnings, cash flows, and shareholders’ equity for each of the three years in the period
ended December 31, 2004. These financial statements are the responsibility of the company’s management. Our responsibil-
ity is to express an opinion on these financial statements 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 Fluor Corporation as of December 31, 2004 and 2003, and the consolidated results of its operations and its cash
flows for each of the three years in the period ended December 31, 2004, in conformity with accounting principles generally
accepted in the United States.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the effectiveness of Fluor Corporation’s internal control over financial reporting as of December 31, 2004, based on criteria
established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission and our report dated March 3, 2005 expressed an unqualified opinion thereon.
/s/ E
RNST
& Y
OUNG
LLP
Orange County, California
March 3, 2005
F-4