Prudential 2001 Annual Report Download - page 100

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Prudential Financial, Inc.
Consolidated Financial Statements
Report of Independent Accountants
To the Board of Directors and Stockholders of
Prudential Financial, Inc.:
In our opinion, the accompanying consolidated statements of financial position and the related consolidated
statements of operations, of stockholders’ equity and of cash flows present fairly, in all material respects, the
financial position of Prudential Financial, Inc. and its subsidiaries at December 31, 2001 and 2000, and the results of
their operations and their cash flows for each of the three years in the period ended December 31, 2001, in
conformity with accounting principles generally accepted in the United States of America. 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 of these statements in accordance with auditing
standards generally accepted in the United States of America, which 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,
assessing the accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the consolidated financial statements taken as a
whole. The accompanying supplemental combining financial information is presented for purposes of additional
analysis of the consolidated financial statements rather than to present the financial position and results of
operations of the individual components. Such supplemental information has been subjected to the auditing
procedures applied in the audits of the consolidated financial statements and, in our opinion, is fairly stated in all
material respects in relation to the consolidated financial statements taken as a whole.
New York, New York
February 12, 2002
Growing and Protecting Your Wealth98