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62 Tyson Foods, Inc.
report of independent auditors
TYSON FOODS, INC. 2003 ANNUAL REPORT
BOARD OF DIRECTORS AND SHAREHOLDERS
We have audited the accompanying consolidated
balance sheets of Tyson Foods, Inc. as of September 27,
2003, and September 28, 2002, and the related consoli-
dated statements of income, shareholders’ equity and
cash flows for each of the three years in the period ended
September 27, 2003. Our audits also included the financial
statement schedule listed in the Index at Item 15(a). These
financial statements and schedule are the responsibility of
the Company’s management. Our responsibility is to
express an opinion on these financial statements and
schedule based on our audits.
We conducted our audits in accordance with auditing
standards generally accepted in the 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 presen-
tation. 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 Tyson Foods, Inc. at September 27,
2003, and September 28, 2002, and the consolidated
results of its operations and its cash flows for each of the
three years in the period ended September 27, 2003, in
conformity with accounting principles generally accepted
in the United States. Also, in our opinion, the related finan-
cial statement schedule, when considered in relation to the
basic financial statements taken as a whole, presents fairly
in all material respects the information set forth therein.
Little Rock, Arkansas
November 19, 2003