INTL FCStone 2013 Annual Report Download - page 78

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INTLFCSTONEINC.Form10K 57
PART II
ITEM 8Financial Statements and Supplementary Data
Report of Independent Registered Public Accounting Firm
We have audited the accompanying consolidated balance sheets
of INTL FCStone Inc. and subsidiaries (the Company) as of
September 30, 2013 and 2012, and the related consolidated
statements of income, comprehensive income, cash ows and
stockholders’ equity for each of the years in the three-year period
ended September 30, 2013. In connection with our audits of
the consolidated nancial statements, we also have audited the
accompanying nancial statement schedule. ese consolidated
nancial statements and nancial statement schedule are the
responsibility of the Company’s management. Our responsibility
is to express an opinion on these consolidated nancial statements
and nancial statement schedule based on our audits.
We conducted our audits in accordance with the standards of
the Public Company Accounting Oversight Board (United
States). ose standards require that we plan and perform the
audit to obtain reasonable assurance about whether the nancial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the nancial statements. An audit also includes
assessing the accounting principles used and signicant estimates
made by management, as well as evaluating the overall nancial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the consolidated nancial statements referred
to above present fairly, in all material respects, the nancial
position of the Company as of September 30, 2013 and 2012,
and the results of its operations and its cash ows for each of
the years in the three-year period ended September 30, 2013, in
conformity with U.S. generally accepted accounting principles.
Also in our opinion, the related nancial statement schedule,
when considered in relation to the basic consolidated nancial
statements taken as a whole, presents fairly, in all material respects,
the information set forth therein.
As discussed in note 2 to the consolidated nancial statements,
the Company restated its 2012 and 2011 consolidated nancial
statements to correct a misstatement.
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
the Company’s internal control over nancial reporting as of
September 30, 2013, based on criteria established in Internal
Control ‑ Integrated Framework (1992) issued by the Committee
of Sponsoring Organizations of the Treadway Commission
(COSO), and our report dated January 15, 2014 expressed an
adverse opinion on the eectiveness of the Company’s internal
control over nancial reporting.
/s/ KPMG LLP
Kansas City, Missouri
January 15, 2014