Google 2013 Annual Report Download - page 50

44 GOOGLE INC.
PART II
ITEM8.Financial Statements and Supplementary Data
Report of Independent Registered Public AccountingFirm
TheBoardofDirectorsandStockholdersofGoogleInc.
WehaveauditedGoogleInc.’sinternalcontrolovernancial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)(theCOSOcriteria).GoogleInc.’smanagementisresponsibleformaintainingeectiveinternalcontrolovernancial
reporting,andforitsassessmentoftheeectivenessofinternalcontrolovernancialreportingincludedintheaccompanying
Management’sReportonInternalControloverFinancialReporting.Ourresponsibilityistoexpressanopiniononthecompany’s
internalcontrolovernancialreportingbasedonouraudit.
Weconductedouraudit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eectiveinternal
controlovernancialreportingwasmaintainedinallmaterialrespects.Ourauditincludedobtaininganunderstandingofinternal
controlovernancialreporting,assessingtheriskthatamaterialweaknessexists,testingandevaluatingthedesignandoperating
eectivenessofinternalcontrolbasedontheassessedrisk,andperformingsuchotherproceduresasweconsiderednecessary
inthecircumstances.Webelievethatourauditprovidesareasonablebasisforouropinion.
Acompany’sinternalcontrolovernancialreportingisaprocessdesignedtoprovidereasonableassuranceregardingthereliability
ofnancialreportingandthepreparationofnancialstatementsforexternalpurposesinaccordancewithgenerallyaccepted
accountingprinciples.Acompany’sinternalcontrolovernancialreportingincludesthosepoliciesandproceduresthat(1)pertain
tothemaintenanceofrecordsthat,inreasonabledetail,accuratelyandfairlyreectthetransactionsanddispositionsoftheassets
ofthecompany;(2)providereasonableassurancethattransactionsarerecordedasnecessarytopermitpreparationofnancial
statementsinaccordancewithgenerallyacceptedaccountingprinciples,andthatreceiptsandexpendituresofthecompanyare
beingmadeonlyinaccordancewithauthorizationsofmanagementanddirectorsofthecompany;and(3)providereasonable
assuranceregardingpreventionortimelydetectionofunauthorizedacquisition,use,ordispositionofthecompany’sassetsthat
couldhaveamaterialeectonthenancialstatements.
Becauseofitsinherentlimitations,internalcontrolovernancialreportingmaynotpreventordetectmisstatements.Also,
projectionsofanyevaluationofeectivenesstofutureperiodsaresubjecttotheriskthatcontrolsmaybecomeinadequate
becauseofchangesinconditions,orthatthedegreeofcompliancewiththepoliciesorproceduresmaydeteriorate.
Inouropinion,GoogleInc.maintained,inallmaterialrespects,eectiveinternalcontrolovernancialreportingasofDecember31,
2013,basedontheCOSOcriteria.
Wealsohaveaudited,inaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates),the
consolidatedbalancesheetsofGoogleInc.asofDecember31,2012and2013,andtherelatedconsolidatedstatementsofincome,
comprehensiveincome,stockholders’equity,andcashowsforeachofthethreeyearsintheperiodendedDecember31,2013
ofGoogleInc.andourreportdatedFebruary11,2014expressedanunqualiedopinionthereon.
/s/ERNST&YOUNGLLP
SanJose,California
February11,2014
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