HP 2012 Annual Report Download - page 83
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Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders of
Hewlett-Packard Company
We have audited the accompanying consolidated balance sheets of Hewlett-Packard Company and
subsidiaries as of October 31, 2012 and 2011, and the related consolidated statements of earnings,
comprehensive income, stockholders’ equity, and cash flows for each of the three years in the period
ended October 31, 2012. Our audits also included the financial statement schedule listed in the Index
at Item 15(a)(2). These financial statements and schedule are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these financial statements and schedule
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 Hewlett-Packard Company and subsidiaries at October 31, 2012
and 2011, and the consolidated results of their operations and their cash flows for each of the three
years in the period ended October 31, 2012, in conformity with U.S. generally accepted accounting
principles. Also, in our opinion, the related financial statement schedule, when considered in relation to
the basic financial statements taken as a whole, presents fairly in all material respects the information
set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), Hewlett-Packard Company’s internal control over financial reporting
as of October 31, 2012, based on criteria established in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
December 27, 2012, expressed an unqualified opinion thereon.
/s/ ERNST & YOUNG LLP
San Jose, California
December 27, 2012
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