Sysco 2015 Annual Report Download - page 51
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PARTII
ITEM8Financial Statements and Supplementary Data
Report of Independent Registered Public Accounting
Firm on Internal Control Over Financial Reporting
The Board of Directors and Shareholders of Sysco Corporation
We have audited Sysco Corporation (a Delaware Corporation) and subsidiaries’ (the “Company”) internal control over nancial reporting as of June27,2015,
based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
(2013 framework) (the COSO criteria). Sysco Corporation and subsidiaries’ management is responsible for maintaining effective internal control over nancial
reporting, and for its assessment of the effectiveness of internal control over nancial reporting included in the accompanying Report of Management
on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the company’s internal control over nancial reporting based
on our audit.
We conducted our audit 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 effective internal control over nancial reporting was maintained in all
material respects. Our audit included obtaining an understanding of internal control over nancial reporting, assessing the risk that a material weakness
exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures
as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
A company’s internal control over nancial reporting is a process designed to provide reasonable assurance regarding the reliability of nancial reporting
and the preparation of nancial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control
over nancial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly
re ect the transactions and dispositions of the assets of the company; (2) prove reasonable assurance that transactions are recorded as necessary to permit
preparation of nancial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the nancial statements.
Because of its inherent limitations, internal control over nancial reporting may not prevent or detect misstatements. Also, projections of any evaluation
of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
In our opinion, Sysco Corporation and subsidiaries maintained, in all material respects, effective internal control over nancial reporting as of June27,2015,
based on the COSO criteria.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance
sheets of the Company as of June 27, 2015 and June 28, 2014, and the related consolidated results of operations, and statements of comprehensive
income, changes in shareholders’ equity, and cash ow for each of the three years in the period ended June 27, 2015 of Sysco Corporation and subsidiaries
and our report dated August 24, 2015 expressed an unquali ed opinion thereon.
Houston, Texas
August 24, 2015