Boeing 2005 Annual Report Download - page 88

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Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders of
The Boeing Company
Chicago, Illinois
We have audited the accompanying consolidated statements
of financial position of The Boeing Company and subsidiaries
(the “Company”) as of December 31, 2005 and 2004, and the
related consolidated statements of operations, shareholders’
equity, and cash flows for each of the three years in the period
ended December 31, 2005. These financial statements are the
responsibility of the Company’s management. Our responsibility
is to express an opinion on the 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 finan-
cial 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 sig-
nificant 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, such consolidated financial statements (located
at pages 46-84) present fairly, in all material respects, the finan-
cial position of The Boeing Company and subsidiaries as of
December 31, 2005 and 2004, and the results of their opera-
tions and their cash flows for each of the three years in the
period ended December 31, 2005, in conformity with account-
ing principles generally accepted in the United States of
America.
We have also audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
the effectiveness of the Company’s internal control over finan-
cial reporting as of December 31, 2005, based on the criteria
established in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission and our report (not presented herein) dated
February 24, 2006 expressed an unqualified opinion on man-
agement’s assessment of the effectiveness of the Company’s
internal control over financial reporting and an unqualified opin-
ion on the effectiveness of the Company’s internal control over
financial reporting.
Chicago, Illinois
February 24, 2006
86 The Boeing Company and Subsidiaries