Coca Cola 2005 Annual Report Download - page 120
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Report of Independent Registered Public Accounting Firm
Board of Directors and Shareowners
The Coca-Cola Company
We have audited the accompanying consolidated balance sheets of The Coca-Cola Company and
subsidiaries as of December 31, 2005 and 2004, and the related consolidated statements of income, shareowners’
equity, and cash flows for each of the three years in the period ended December 31, 2005. Our audits also
included the financial statement schedule listed in the Index at Item 15(a). 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 The Coca-Cola Company and subsidiaries at December 31, 2005 and 2004, and
the consolidated results of their operations and their cash flows for each of the three years in the period ended
December 31, 2005, 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 1 to the consolidated financial statements, in 2004 the Company adopted the
provisions of FASB Interpretation No. 46 (revised December 2003) regarding the consolidation of variable
interest entities.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of The Coca-Cola Company and subsidiaries’ internal control over financial
reporting as of December 31, 2005, 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 24, 2006, expressed an unqualified opinion thereon.
Atlanta, Georgia
February 24, 2006
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