PBF Energy 2013 Annual Report Download - page 98

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F- 2
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Stockholders and the Board of Directors of
PBF Energy Inc. and subsidiaries
We have audited the accompanying consolidated balance sheets as of December 31, 2013 and 2012 of PBF Energy
Inc. and subsidiaries (the “Company”) and the related combined and consolidated statements of operations,
comprehensive income, changes in equity, and cash flows for each of the three years in the period ended December
31, 2013 (combined and consolidated for 2012 and 2011 with PBF Energy Company LLC and subsidiaries). These
combined and consolidated financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on the 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 combined and consolidated financial statements present fairly, in all material respects, the
financial position of PBF Energy Inc. and subsidiaries as of December 31, 2013 and 2012, and the results of their
operations and their cash flows for each of the three years in the period ended December 31, 2013 (combined and
consolidated for 2012 and 2011 with PBF Energy Company LLC and subsidiaries), 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 Company's internal control over financial reporting as of December 31, 2013, based on the criteria
established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations
of the Treadway Commission and our report dated February 21, 2014 expressed an unqualified opinion on the
Company's internal control over financial reporting.
/s/ Deloitte & Touche LLP
Parsippany, New Jersey
February 21, 2014