Visa 2009 Annual Report Download - page 60

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Table of Contents
the results of their operations and their cash flows for each of the years in the two-year period ended September 30, 2009, and the results of the operations and
cash flows of Visa U.S.A. Inc. and subsidiaries for the year ended September 30, 2007, in conformity with U.S. generally accepted accounting principles.
Also in our opinion, Visa Inc. maintained, in all material respects, effective internal control over financial reporting as of September 30, 2009, based on
criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
As discussed in Note 1 to the consolidated financial statements, the related consolidated statements of operations, changes in stockholders' equity,
comprehensive income, and cash flows for the year ended September 30, 2007 are those of Visa U.S.A. Inc. and subsidiaries, the accounting acquirer in the
reorganization.
/s/ KPMG LLP
San Francisco, California
November 19, 2009
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