Sysco 2007 Annual Report Download - page 62

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
ON CONSOLIDATED FINANCIAL STATEMENTS
To the Board of Directors and Shareholders
SYSCO Corporation
We have audited the accompanying consolidated balance sheets of SYSCO Corporation (a Delaware Corporation) and
subsidiaries as of June 30, 2007 and July 1, 2006, and the related consolidated results of operations, shareholders’ equity,
and cash flows for each of the three years in the period ended June 30, 2007. Our audits also included the financial
statement schedule at Item 15(a), No. 2. 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 SYSCO Corporation and subsidiaries at June 30, 2007 and July 1, 2006, and the consolidated results of their
operations and their cash flows for each of the three years in the period ended June 30, 2007, 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, present fairly in all material respects the
information set forth therein.
As discussed in Note 10 to the consolidated financial statements, effective June 30, 2007, SYSCO Corporation adopted
Statement of Financial Accounting Standard (SFAS) No. 158, “Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans — an amendment of FASB Statements No. 87, 88, 106, and 132(R)”. Also, discussed in Note 13 to the
consolidated financial statements, effective July 3, 2005, SYSCO Corporation adopted Financial Accounting Standards
Board Statement No. 123(R), “Share Based Payment.”
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the effectiveness of SYSCO Corporation’s internal control over financial reporting as of June 30, 2007, based on criteria
established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission and our report dated August 27, 2007 expressed an unqualified opinion thereon.
Houston, Texas
August 27, 2007
page 36 ][ SYSCO Corporation