Sunoco 2014 Annual Report Download - page 145

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143
AUDIT COMMITTEE REPORT
The Audit Committee (the "Committee") of the Board of Directors (the "Board") of Sunoco Partners LLC (the
"Company") reviews the financial reporting process of Sunoco Logistics Partners L.P. (the "Partnership") on behalf of the
Board of the Company. The Company is the general partner of the Partnership. Our management is responsible for the financial
statements and the reporting process, including the internal control over financial reporting. The independent registered public
accounting firm is responsible for expressing an opinion on the conformity of the audited financial statements with U.S.
generally accepted accounting principles, and an opinion on the effectiveness of our internal control over financial reporting.
The Committee monitors and oversees these processes.
The Committee discussed with our internal audit department and independent registered public accounting firm the
overall scope and plans for their respective audits. In addition, the Committee has reviewed and discussed the audited financial
statements and management's and the independent registered public accounting firm's evaluations of the Partnership's system of
internal control over financial reporting contained in the 2014 Annual Report on Form 10-K. As part of this review, the
Committee met with the General Auditor and the independent registered public accounting firm, with and without management
present, to discuss the results of their audits and the overall quality of the Partnership's financial reporting.
As required by the standards of the Public Company Accounting Oversight Board, the Committee has discussed with the
independent registered public accounting firm (1) the matters specified in Statement on Auditing Standards No. 61,
"Communication with Audit Committees," (Codification of Statements of Auditing Standards, August 2, 2007 AU 380), as
amended, as adopted by the Public Company Accounting Oversight Board in Rule 3200T; and (2) the independence of the
independent registered public accounting firm from the Partnership and management. The independent registered public
accounting firm has provided the Committee the written disclosures and letter concerning independence, pursuant to applicable
requirements of the Public Company Accounting Oversight Board. The Committee also considered the compatibility of non-
audit services with the independent registered public accounting firm's independence.
In reliance on the reviews and discussions referred to above, the Committee recommended to the Board, and the Board
has approved, the inclusion of the audited financial statements and management's report on internal control over financial
reporting in the Partnership's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, for filing with the
Securities and Exchange Commission.
Respectfully submitted on February 25, 2015 by the members of the Audit Committee of the Board of Directors of Sunoco
Partners LLC:
Basil Leon Bray (Chairman)
Steven R. Anderson
Scott A. Angelle