Mercedes 2006 Annual Report Download - page 155

The Supervisory Board
DaimlerChrysler AG:
We have audited the accompanying consolidated balance sheets
of DaimlerChrysler AG and subsidiaries (“DaimlerChrysler”)
as of December 31, 2006 and 2005, and the related consolidated
statements of income, changes in stockholders’ equity, and
cash flows for each of the years in the three-year period ended
December 31, 2006. These consolidated financial statements
are the responsibility of DaimlerChrysler’s management. Our
responsibility is to express an opinion on these consolidated
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 state-
ments 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 financial
position of DaimlerChrysler as of December 31, 2006 and 2005,
and the results of their operations and their cash flows for
each of the years in the three-year period ended December 31,
2006, in conformity with generally accepted accounting
principles in the United States of America.
As described in Note 1 to the consolidated financial statements,
DaimlerChrysler adopted FASB Statement No. 158, “Employers’
Accounting for Defined Benefit Pension and Other Postretirement
Plans“ as of December 31, 2006. As described in Note 1 and 10
to the consolidated financial statements, DaimlerChrysler adopted
FASB Statement No. 123 (revised), “Share-Based Payment” in
2006 and FASB Interpretation No. 47, “Accounting for Conditional
Asset Retirement Obligations – an interpretation of FASB
Statement No. 143” in 2005.
We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United States),
the effectiveness of DaimlerChrysler’s internal control over
financial reporting as of December 31, 2006, based on criteria
established in Internal Control-Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO), and our report dated February 26, 2007
expressed an unqualified opinion on management’s assessment of,
and the effective operation of, internal control over financial
reporting.
Stuttgart,
February 26, 2007
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Nonnenmacher Krauß
Wirtschaftsprüfer Wirtschaftsprüfer
Consolidated Financial Statements | Report of Independent Registered Public Accounting Firm | 139
Report of Independent Registered Public Accounting Firm