Coca Cola 2008 Annual Report Download - page 144
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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, 2008 and 2007, and the related consolidated statements of income, shareowners’
equity, and cash flows for each of the three years in the period ended December 31, 2008. 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 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, 2008 and 2007, and
the consolidated results of their operations and their cash flows for each of the three years in the period ended
December 31, 2008, in conformity with U.S. generally accepted accounting principles.
As discussed in Notes 1 and 17 to the consolidated financial statements, in 2007 the Company adopted
FASB Interpretation No. 48 related to accounting for uncertainty in income taxes. Also as discussed in Notes 1
and 16 to the consolidated financial statements, in 2006 the Company adopted SFAS No. 158 related to defined
benefit pension and other postretirement plans.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), The Coca-Cola Company’s internal control over financial reporting as of December 31, 2008,
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 26, 2009 expressed an unqualified
opinion thereon.
Atlanta, Georgia
February 26, 2009
142