Halliburton 2011 Annual Report Download - page 85

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70
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Halliburton Company:
We have audited the accompanying consolidated balance sheets of Halliburton Company and subsidiaries
as of December 31, 2011 and 2010, and the related consolidated statements of operations, shareholders’
equity, and cash flows for each of the years in the three-year period ended December 31, 2011. These
consolidated financial statements are the responsibility of the Company’ s management. Our responsibility
is to express an opinion on these consolidated 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 consolidated financial statements referred to above present fairly, in all material
respects, the financial position of Halliburton Company and subsidiaries as of December 31, 2011 and
2010, and the results of their operations and their cash flows for each of the years in the three-year period
ended December 31, 2011, 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), Halliburton Company’ s internal control over financial reporting as of December 31,
2011, based on criteria established in Internal Control - Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO), and our report dated February 16, 2012
expressed an unqualified opinion on the effectiveness of the Company’ s internal control over financial
reporting.
/s/ KPMG LLP
Houston, Texas
February 16, 2012