TCF Bank 2014 Annual Report Download - page 64

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21JUL200414412105
8OCT201312085186
Item 8. Financial Statements and Supplementary Data
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
TCF Financial Corporation:
We have audited the accompanying consolidated statements of financial condition of TCF Financial Corporation and subsidiaries
(the Company) as of December 31, 2014 and 2013, and the related consolidated statements of income, comprehensive income,
equity, and cash flows for each of the years in the three year period ended December 31, 2014. These consolidated financial
statements are the responsibility of the Company’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
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 financial position
of TCF Financial Corporation and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their
cash flows for each of the years in the three year period ended December 31, 2014, 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), TCF
Financial Corporation’s internal control over financial reporting as of December 31, 2014, based on criteria established in Internal
Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO), and our report dated February 23, 2015 expressed an unqualified opinion on the effectiveness of the Company’s internal
control over financial reporting.
Minneapolis, Minnesota
February 23, 2015
51