Tyson Foods 2011 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2011 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 92

  • 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
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

81
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders of
Tyson Foods, Inc.
We have audited the accompanying consolidated statements of income, shareholders' equity, and cash flows of Tyson Foods, Inc. for
the year ended October 3, 2009. Our audit also included the financial statement schedule for the year ended October 3, 2009 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 audit.
We conducted our audit 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 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 audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the results of operations of Tyson
Foods, Inc. and its cash flows for the year ended October 3, 2009, in conformity with U.S. generally accepted accounting principles.
Also, in our opinion, the related financial statement schedule for the year ended October 3, 2009, when considered in relation to the
basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein.
As described in Note 2 to the consolidated financial statements, the Company adopted guidance establishing accounting and reporting
standards for a noncontrolling interest in a subsidiary and for convertible debt instruments in 2010.
/s/ Ernst & Young LLP
Rogers, Arkansas
November 23, 2009, except for those matters
described in Note 2 “Change in Accounting
Principles” as it relates to the retrospective
application of accounting principles adopted in
2010, as to which the date is November 22, 2010