Motorola 2004 Annual Report Download - page 135

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127
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Motorola, Inc.:
We have audited management's assessment, included in the accompanying Management's Report on Internal
Control Over Financial Reporting in Item 9A: Controls and Procedures, that Motorola, Inc. maintained eÅective
internal control over Ñnancial reporting as of December 31, 2004, based on criteria established in Internal
ControlÌIntegrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Motorola, Inc.'s management is responsible for maintaining eÅective internal control over
Ñnancial reporting and for its assessment of the eÅectiveness of internal control over Ñnancial reporting. Our
responsibility is to express an opinion on management's assessment and an opinion on the eÅectiveness of the
Company's internal control over Ñnancial reporting based on our audit.
We conducted our audit 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 eÅective internal control over Ñnancial reporting was maintained in all material respects. Our audit included
obtaining an understanding of internal control over Ñnancial reporting, evaluating management's assessment, testing
and evaluating the design and operating eÅectiveness of internal control, and performing such other procedures as
we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our
opinion.
A company's internal control over Ñnancial reporting is a process designed to provide reasonable assurance
regarding the reliability of Ñnancial reporting and the preparation of Ñnancial statements for external purposes in
accordance with generally accepted accounting principles. A company's internal control over Ñnancial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reÖect the transactions and dispositions of the assets of the company; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of Ñnancial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the company are being made
only in accordance with authorizations of management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's
assets that could have a material eÅect on the Ñnancial statements.
Because of its inherent limitations, internal control over Ñnancial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of eÅectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
In our opinion, management's assessment that Motorola, Inc. maintained eÅective internal control over
Ñnancial reporting as of December 31, 2004, is fairly stated, in all material respects, based on criteria established in
Internal ControlÌIntegrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Also, in our opinion, Motorola, Inc. maintained, in all material respects, eÅective internal
control over Ñnancial reporting as of December 31, 2004, based on criteria established in Internal ControlÌ
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO).
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the consolidated balance sheets of Motorola, Inc. and Subsidiaries as of December 31, 2004 and
2003, and the related consolidated statements of operations, stockholders' equity and cash Öows for each of the
years in the three-year period ended December 31, 2004, and our report dated March 4, 2005 expressed an
unqualiÑed opinion on those consolidated Ñnancial statements.
Chicago, Illinois
March 4, 2005