Intel 2010 Annual Report Download - page 138

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Table of Contents
REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of Intel Corporation
We have audited the accompanying consolidated balance sheets of Intel Corporation as of December 25, 2010 and December
26, 2009, and the related consolidated statements of income, stockholders’
equity, and cash flows for each of the three years in
the period ended December 25, 2010. Our audits also included the financial statement schedule listed in the Index at Part IV,
Item 15. 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 Intel Corporation at December 25, 2010 and December 26, 2009, and the consolidated results of its operations and
its cash flows for each of the three years in the period ended December 25, 2010, in conformity with U.S. generally accepted
accounting principles. Also, in our opinion, the related financial statement schedule referred to above, 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),
Intel Corporation’s internal control over financial reporting as of December 25, 2010, based on criteria established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated February 18, 2011 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
San Jose, California
February 18, 2011
105