Motorola 2004 Annual Report Download - page 92

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84 CONSOLIDATED FINANCIAL STATEMENTS
Item 8: Financial Statements and Supplementary Data
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Motorola, Inc.:
We have audited the accompanying 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. These consolidated Ñnancial
statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these
consolidated Ñnancial 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 Ñnancial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the Ñnancial statements. An audit also includes assessing
the accounting principles used and signiÑcant estimates made by management, as well as evaluating the overall
Ñnancial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated Ñnancial statements referred to above present fairly, in all material respects,
the Ñnancial position of Motorola, Inc. and Subsidiaries as of December 31, 2004 and 2003, and the results of their
operations and their cash Öows for each of the years in the three-year period ended December 31, 2004, 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), the eÅectiveness of Motorola, Inc.'s 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), and our report dated March 4, 2005 expressed an
unqualiÑed opinion on management's assessment of, and the eÅective operation of, internal control over Ñnancial
reporting.
Chicago, Illinois
March 4, 2005