Ameriprise 2010 Annual Report Download - page 110
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27FEB200923311029
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, 2010 and 2009, and the related consolidated statements of operations, equity, and cash flows for each of
the three years in the period ended December 31, 2010. 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, 2010 and 2009, and the consolidated results of its operations and
its cash flows for each of the three years in the period ended December 31, 2010, in conformity with U.S. generally
accepted accounting principles.
As discussed in Note 3 to the consolidated financial statements, in 2010 the Company adopted new accounting guidance
related to the consolidation of variable interest entities. Also, in 2009 the Company adopted new accounting guidance
related to the recognition and presentation of other-than-temporary impairments, and in 2008 the Company adopted new
accounting guidance related to the measurement of fair value.
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, 2010, based on criteria
established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission, and our report dated February 28, 2011, expressed an unqualified opinion thereon.
Minneapolis, Minnesota
February 28, 2011
94