Equifax 2007 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2007 Equifax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

EQUIFAX | 2007 ANNUAL REPORT 51
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We have audited the accompanying consolidated balance sheets
of Equifax Inc. and subsidiaries, as of December 31, 2007 and 2006,
and the related consolidated statements of income, shareholders’
equity and comprehensive income, and cash fl ows for each of the
three years in the period ended December 31, 2007. Our audits also
included the fi nancial statement schedule listed in the index at
Item 15(a). These fi nancial statements and schedule are the responsi-
bility of the Company’s management. Our responsibility is to express
an opinion on these fi nancial 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 fi nancial statements are
free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
fi nancial statements. An audit also includes assessing the accounting
principles used and signifi cant estimates made by management, as
well as evaluating the overall fi nancial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the fi nancial statements referred to above present
fairly, in all material respects, the consolidated fi nancial position
of Equifax Inc. and subsidiaries at December 31, 2007 and 2006,
and the consolidated results of their operations and their cash fl ows
for each of the three years in the period ended December 31, 2007,
in conformity with U.S. generally accepted accounting principles.
Also, in our opinion the related fi nancial statement schedule, when
considered in relation to the basic fi nancial statements taken as
a whole, presents fairly in all material respects the information
set therein.
As discussed in Notes 1, 7 and 9 of the Notes to the Consolidated
Financial Statements, the Company adopted Statement of Financial
Accounting Standards No. 123R, Share-Based Payment, and
Statement of Financial Accounting Standards No. 158, Employers’
Accounting for Defi ned Benefi t Pension and Other Postretirement
Plans, an amendment of FASB Statements No. 87, 88, 106 and 132R,
in 2006.
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States),
the effectiveness of Equifax Inc.’s internal control over fi nancial
reporting as of December 31, 2007, 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 26, 2008 expressed an unqualifi ed
opinion thereon.
Atlanta, Georgia
February 26, 2008
The Board of Directors and Shareholders of Equifax Inc.: