Freeport-McMoRan 2013 Annual Report Download - page 81

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
2013 ANNUAL REPORT | 79
In our opinion, the financial statements referred to above
present fairly, in all material respects, the consolidated financial
position of Freeport-McMoRan Copper & Gold Inc. at
December 31, 2013 and 2012, and the consolidated results of its
operations and its cash flows for each of the three years in
the period ended December 31, 2013, in conformity with U.S.
generally accepted accounting principles.
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
Freeport-McMoRan Copper & Gold Inc.’s internal control over
financial reporting as of December 31, 2013, based on criteria
established in Internal Control-Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway
Commission (1992 framework) and our report dated February 27,
2014 expressed an unqualified opinion thereon.
ERNST & YOUNG LLP
Phoenix, Arizona
February 27, 2014
TO THE BOARD OF DIRECTORS AND STOCKHOLDERS OF
FREEPORT-MCMORAN COPPER & GOLD INC.
We have audited the accompanying consolidated balance sheets
of Freeport-McMoRan Copper & Gold Inc. as of December 31,
2013 and 2012, and the related consolidated statements of income,
comprehensive income, equity and cash flows for each of the
three years in the period ended December 31, 2013. 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.