GE 2005 Annual Report Download - page 147

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(147)
As stated in the fourth paragraph of Management’ s Annual Report on Internal Control over Financial
Reporting (as restated), management’ s assessment of the effectiveness of GE’ s internal control over financial
reporting has been restated.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), the statement of financial position of General Electric Company and consolidated affiliates as
of December 31, 2005 and 2004, and the related statements of earnings, changes in shareowners’ equity and cash
flows for each of the years in the three-year period ended December 31, 2005. The aforementioned material
weakness was considered in determining the nature, timing, and extent of audit tests applied in our audit of the 2005
consolidated financial statements (as restated), and this report does not affect our report dated February 10, 2006,
except as to the restatement discussed in note 1 to the consolidated financial statements, which is as of January 19,
2007, which expressed an unqualified opinion on those consolidated financial statements.
In our opinion, management’ s restated assessment that GE did not maintain effective internal control over
financial reporting as of December 31, 2005, is fairly stated, in all material respects, based on criteria established in
Internal Control − Integrated Framework issued by COSO. Also, in our opinion, because of the effect of the material
weakness described above on the achievement of the objectives of the control criteria, GE did not maintain effective
internal control over financial reporting as of December 31, 2005, based on criteria established in Internal Control −
Integrated Framework issued by COSO.
/s/ KPMG LLP
KPMG LLP
Stamford, Connecticut
February 10, 2006, except as to the second, third and fourth paragraphs of Management’ s Annual Report on Internal
Control over Financial Reporting (as restated), which are as of January 19, 2007
Item 9B. Other Information
Not applicable.