Tyson Foods 2006 Annual Report Download - page 59

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THE BOARD OF DIRECTORS AND SHAREHOLDERS
OF TYSON FOODS, INC.
We have audited the accompanying consolidated balance sheets
of Tyson Foods, Inc. as of September 30, 2006 and October 1, 2005,
and the related consolidated statements of operations, sharehold-
ers’ equity, and cash flows for each of the three years in the period
ended September 30, 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 we plan and perform the audit to obtain reason-
able 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
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 30, 2006 and October 1, 2005,
and the consolidated results of its operations and its cash flows for
each of the three years in the period ended September 30, 2006, in
conformity with U.S. generally accepted accounting principles.
As described in Note 2 to the consolidated financial statements,
in 2006 the Company adopted Statement of Financial Accounting
Standards No. 123R, “Share-Based Payments.”
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), the
effectiveness of Tyson Foods, Inc.’s internal control over financial
reporting as of September 30, 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 December 11, 2006 expressed an unqualified opinion
thereon.
Rogers, Arkansas
December 11, 2006
Ty s o n F o o d s , I n c . 2 0 0 6 A n n u a l R e p o r t 57
Report of Independent Registered Public Accounting Firm