Hormel Foods 2013 Annual Report Download - page 35

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33
In our opinion, the financial statements referred to above
present fairly, in all material respects, the consolidated
financial position of Hormel Foods Corporation at October 27,
2013 and October 28, 2012, and the consolidated results of
its operations and its cash flows for each of the three years
in the period ended October 27, 2013, in conformity with U.S.
generally accepted accounting principles.
We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United
States), Hormel Foods Corporation’s internal control over
financial reporting as of October 27, 2013, based on crite-
ria established in Internal Control-Integrated Framework
issued by the Committee of Sponsoring Organizations of the
Treadway Commission (1992 framework) and our report dated
December 18, 2013 expressed an unqualified opinion thereon.
Minneapolis, MN
December 18, 2013
The Board of Directors and Shareholders
Hormel Foods Corporation
We have audited the accompanying consolidated statements
of financial position of Hormel Foods Corporation as of
October 27, 2013 and October 28, 2012, and the related
consolidated statements of operations, comprehensive
income, changes in shareholders’ investment, and cash flows
for each of the three years in the period ended October 27,
2013. These financial statements 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 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
significant estimates made by management, as well as evalu-
ating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
Report of Independent Registered Public Accounting Firm