Tyson Foods 2008 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2008 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

61 2008 Annual Report
Report of Independent Registered Public Accounting Firm
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 27, 2008 and September 29, 2007,
and the related consolidated statements of operations, shareholders’
equity, and cash fl ows for each of the three years in the period ended
September 27, 2008. These fi nancial statements are the responsibility
of the Company’s management. Our responsibility is to express an
opinion on these fi nancial 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 reasonable
assurance about whether the fi nancial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the fi nancial statements.
An audit also includes assessing the accounting principles used and
signifi cant estimates made by management, as well as evaluating
the overall fi nancial statement presentation. We believe our audits
provide a reasonable basis for our opinion.
In our opinion, the fi nancial statements referred to above present
fairly, in all material respects, the consolidated fi nancial position of
Tyson Foods, Inc. at September 27, 2008 and September 29, 2007, and
the consolidated results of its operations and its cash fl ows for each
of the three years in the period ended September 27, 2008, in confor-
mity with U.S. generally accepted accounting principles.
As described in Note 2 to the consolidated fi nancial statements,
the Company adopted Statement of Financial Accounting Standards
Interpretation No. 48, “Accounting for Uncertainty in Income Taxes”
in 2008.
We also have audited, in accordance with the standards of the Public
Company Accounting Oversight Board (United States), Tyson Foods,
Inc.s internal control over fi nancial reporting as of September 27,
2008, based on criteria established in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission and our report dated November 17, 2008,
expressed an unqualifi ed opinion thereon.
Rogers, Arkansas
November 17, 2008