Tyson Foods 2000 Annual Report Download - page 49

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BOARD OF DIRECTORS AND SHAREHOLDERS
We have audited the accompanying consolidated balance
sheets of Tyson Foods, Inc., as of September 30, 2000, and
October 2, 1999, and the related consolidated statements of
income, shareholders’ equity, and cash flows for each of the
three years in the period ended September 30, 2000. 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 auditing
standards generally accepted in the United States. Those stan-
dards 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 exam-
ining, 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, the financial statements referred to above
present fairly, in all material respects, the consolidated finan-
cial position of Tyson Foods, Inc., at September 30, 2000, and
October 2, 1999, and the consolidated results of its operations
and its cash flows for each of the three years in the period
ended September 30, 2000, in conformity with accounting
principles generally accepted in the United States.
Ernst & Young LLP
Little Rock, Arkansas
November 13, 2000
REPORT OF INDEPENDENT AUDITORS
TYSON FOODS, INC. 2000 ANNUAL REPORT
47