MoneyGram 2005 Annual Report Download - page 57

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Table of Contents
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders of
MoneyGram International, Inc.
Minneapolis, Minnesota
We have audited the accompanying consolidated balance sheets of MoneyGram International, Inc. and subsidiaries (the "Company") as of December 31, 2005
and 2004, and the related consolidated statements of income, comprehensive income, cash flows and stockholders' equity for each of the three years in the
period ended December 31, 2005. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion
on these 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, such consolidated financial statements present fairly, in all material respects, the financial position of MoneyGram International, Inc. and
subsidiaries as of December 31, 2005 and 2004, and the results of their operations and their cash flows for each of the three years in the period ended
December 31, 2005, in conformity with accounting principles generally accepted in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of the
Company's internal control over financial reporting as of December 31, 2005, based on the criteria established in Internal Control — Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February 27, 2006, expressed an unqualified opinion
on management's assessment of the effectiveness of the Company's internal control over financial reporting and an unqualified opinion on the effectiveness of
the Company's internal control over financial reporting.
As discussed in Note 2, the Company changed the presentation of its consolidated statements of cash flows to present separate disclosure of the cash flows
from operating, investing and financing activities of discontinued operations, and retroactively revised the statements of cash flows for the years ended
December 31, 2004 and 2003 for this change.
/s/ DELOITTE & TOUCHE LLP
Minneapolis, Minnesota
February 27, 2006 F-3