Boeing 2007 Annual Report Download - page 80

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77
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders 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, 2007 and 2006, and the
related consolidated statements of operations, shareholders’
equity, and cash flows for each of the three years in the period
ended December 31, 2007. These financial statements are the
responsibility of the Company’s management. Our responsibili-
ty 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 evaluat-
ing 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 40–76) present fairly, in all material respects, the
financial position of The Boeing Company and subsidiaries as of
December 31, 2007 and 2006, and the results of their operations
and their cash flows for each of the three years in the period
ended December 31, 2007, in conformity with accounting prin-
ciples generally accepted in the United States of America.
As discussed in Note 15 to the consolidated financial state-
ments, the Company adopted Statement of Financial
Accounting Standards No. 158, Employers’ Accounting for
Defined Benefit Pension and Other Postretirement Plans– an
Amendment of FASB Statements No. 87, 88, 106 and 132(R),
which changed its method of accounting for pension and
postretirement benefits as of December 31, 2006.
We have also audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
the Company’s internal control over financial reporting as of
December 31, 2007, 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 13, 2008 expressed an unqualified opinion on the
Company’s internal control over financial reporting.
Chicago, Illinois
February 13, 2008
The Boeing Company and Subsidiaries