Fluor 2008 Annual Report Download - page 90

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Report of Independent Registered Public Accounting Firm
Board of Directors and Shareholders of Fluor Corporation
We have audited the accompanying consolidated balance sheets of Fluor Corporation as of December 31,
2008 and 2007, and the related consolidated statements of earnings, cash flows, and shareholders’ equity
for each of the three years in the period ended December 31, 2008. These financial statements are the
responsibility of the Company’s management. Our responsibility 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 at December 31, 2008 and 2007, and the consolidated
results of its operations and its cash flows for each of the three years in the period ended December 31,
2008, in conformity with U.S. generally accepted accounting principles.
As discussed in the Income Taxes Note to the consolidated financial statements, in 2007 the Company
changed its method of accounting for income taxes. As discussed in the Retirement Benefits Note to the
consolidated financial statements, in 2006 the Company changed its method of accounting for defined
benefit pension and other postretirement plans.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), Fluor Corporation’s internal control over financial reporting as of December 31,
2008, 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 25, 2009
expressed an unqualified opinion thereon.
Dallas, Texas
February 25, 2009 /s/ Ernst & Young LLP
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