Ameriprise 2008 Annual Report Download - page 105
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Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders of Ameriprise Financial, Inc.
We have audited the accompanying consolidated balance sheets of Ameriprise Financial, Inc. (the Company) as of
December 31, 2008 and 2007, and the related consolidated statements of operations, shareholders’ equity, and cash flows
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 standards 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 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
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 Ameriprise Financial, Inc. 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.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Ameriprise Financial, Inc.’s internal control over financial reporting as of December 31, 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 March 2, 2009, expressed an unqualified opinion thereon.
As discussed in Note 3 to the consolidated financial statements, in 2008 the Company adopted Statement of Financial
Accounting Standards (FAS) No. 157, Fair Value Measurements. Also discussed in Note 3, in 2007 the Company adopted
Financial Accounting Standards (FASB) Interpretation No. 48, and American Institute of Certified Public Accountants
Statement of Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With
Modifications or Exchanges of Insurance Contracts.
Minneapolis, Minnesota
March 2, 2009
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