First Data 2009 Annual Report Download - page 95

Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders of First Data Corporation
We have audited the accompanying consolidated balance sheets of First Data Corporation as of
December 31, 2009 and 2008, and the related consolidated statements of operations, cash flows, equity and
comprehensive income (loss) for the period from January 1, 2007 through September 24, 2007 (predecessor
period), and for the years ended December 31, 2009 and 2008 and for the period from September 25, 2007
through December 31, 2007 (successor periods) (collectively consolidated financial statements). Our audits also
included the financial statement schedule listed in the Index at Item 15(a). These financial statements and
schedule 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 consolidated financial statements referred to above present fairly, in all material respects,
the consolidated financial position of First Data Corporation at December 31, 2009 and 2008, and the
consolidated results of its operations and its cash flows for the period from January 1, 2007 through
September 24, 2007 (predecessor period), and for the years ended December 31, 2009 and 2008 and for the
period from September 25, 2007 through December 31, 2007 (successor periods), 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 consolidated financial statements taken as a whole, presents fairly in all
material respects the information set forth therein.
As discussed in Note 1 to the consolidated financial statements, effective January 1, 2009, the Company
retrospectively adopted authoritative guidance relating to noncontrolling interests in consolidated financial
statements. As further discussed in Notes 6, 4, and 18, respectively, the Company adopted authoritative guidance
relating to (i) when and how to assess other-than-temporary impairments of securities, effective April 1, 2009,
(ii) accounting for business combinations, effective January 1, 2009, and (iii) accounting for fair value
measurements of assets and liabilities, effective January 1, 2008.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), First Data Corporation’s internal control over financial reporting as of December 31, 2009, based
on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated March 10, 2010 expressed an unqualified
opinion thereon.
/s/ Ernst & Young LLP
Denver, Colorado
March 10, 2010
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