Western Union 2008 Annual Report Download - page 46

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WESTERN UNION
2008 Annual Report
44
Report of Independent Registered
Public Accounting Firm
The Board of Directors and Stockholders of the
Western Union Company
We have audited the accompanying consolidated balance
sheets of The Western Union Company as of December 31,
2008 and 2007, and the related consolidated statements
of income, cash flows, and stockholders’ (deficiency)/
equity/net investment in The Western Union Company for
each of the three years in the period ended December 31,
2008. 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 stan-
dards of the Public Company Accounting Oversight Board
(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 mis-
statement. 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 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 consoli-
dated financial position of The Western Union Company
at December 31, 2008 and 2007, and the consolidated
results of its operations and its cash flows for each of the
three years in the period ended December 31, 2008,
in conformity with U.S. generally accepted accounting
principles.
As discussed in Note2 to the consolidated financial state-
ments, effective January1, 2007, the Company adopted
Financial Accounting Standards Board Interpretation No.48,
“Accounting for Uncertainty in Income Taxes.”
We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United
States), The Western Union Company’s internal control over
financial reporting as of December 31, 2008, based on cri-
teria established in Internal Control—Integrated Framework
issued by the Committee of Sponsoring Organizations of the
Treadway Commission and our report dated February 18,
2009 expressed an unqualified opinion thereon.
Denver, Colorado
February 18, 2009
44