Sunbeam 2007 Annual Report Download - page 67

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of Jarden Corporation
We have audited the accompanying consolidated balance sheets of Jarden Corporation and subsidiaries (the
“Company”) as of December 31, 2007 and 2006, and the related consolidated statements of income,
stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2007. Our
report also included the financial statement schedule listed in the Index at Item 15. These financial statements
and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on
these financial 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 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 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Jarden Corporation and subsidiaries at December 31, 2007 and 2006, and the
consolidated results of their operations and their cash flows 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 financial statement schedule, when considered in relation to the basic financial statements taken as a
whole, presents fairly in all material respects the information set forth therein.
As discussed in Note 2, effective January 1, 2007, the Company adopted Financial Accounting Standards
Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of SFAS No. 109. As
discussed in Note 2, effective December 31, 2006, the Company adopted SFAS No. 158, Employers Accounting
for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB statements No. 87, 88, 106
and 132(R). As discussed in Note 2, effective October 1, 2005, the Company adopted SFAS No. 123, Share-
Based Payment (revised 2004).
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of Jarden Corporation’s internal control over financial 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 25, 2008
expressed an unqualified opinion thereon.
/s/ ERNST & YOUNG LLP
New York, New York
February 25, 2008
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