E-Z-GO 2012 Annual Report Download - page 55

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Textron Inc. Annual Report ● 2012 43
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Textron Inc.
We have audited the accompanying Consolidated Balance Sheets of Textron Inc. as of December 29, 2012 and December 31,
2011, and the related Consolidated Statements of Operations, Comprehensive Income (Loss), Shareholders’ Equity and Cash
Flows for each of the three years in the period ended December 29, 2012. Our audits also included the financial statement
schedule contained on page 83. These financial statements and schedule are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these financial statements and schedule 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 Textron Inc. at December 29, 2012 and December 31, 2011 and the consolidated results of its operations and its cash flows for
each of the three years in the period ended December 29, 2012, in conformity with U.S. generally accepted accounting principles.
Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as
a whole, presents fairly in all material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Textron Inc.’s internal control over financial reporting as of December 29, 2012, 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 15, 2013 expressed an unqualified opinion thereon.
Boston, Massachusetts
February 15, 2013
/s/ Ernst & Young LLP