Sunoco 2006 Annual Report Download - page 45

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Report of Independent Registered Public Accounting Firm on Financial Statements
To the Shareholders and Board of Directors,
Sunoco, Inc.
We have audited the accompanying consolidated balance sheets of Sunoco, Inc. and subsidiaries as of December 31,
2006 and 2005, and the related consolidated statements of income, comprehensive income and shareholders’ equity
and cash flows for each of the three years in the period ended December 31, 2006. 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, evi-
dence 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 Sunoco, Inc. and subsidiaries at December 31, 2006 and 2005 and the consolidated results of their
operations and their cash flows for each of the three years in the period ended December 31, 2006, in conformity with
U.S. generally accepted accounting principles.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method for accounting
for employee stock compensation plans and defined benefit pension and other postretirement plans in 2006.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of Sunoco, Inc. and subsidiaries’ internal control over financial reporting as of De-
cember 31, 2006, 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 23, 2007 expressed an un-
qualified opinion thereon.
Philadelphia, Pennsylvania
February 23, 2007
43