| Report of Independent Registered |
Becton, Dickinson and Company
|
| Public Accounting Firm |
To the Shareholders and Board of Directors
of Becton, Dickinson and Company
We have audited the accompanying consolidated balance sheets
of Becton, Dickinson and Company as of September 30, 2006
and 2005, and the related consolidated statements of income,
comprehensive income, and cash flows for each of the three
years in the period ended September 30, 2006. 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 Becton, Dickinson and Company at September 30,
2006 and 2005, and the consolidated results of its operations
and its cash flows for each of the three years in the period
ended September 30, 2006, in conformity with U.S. generally
accepted accounting principles.
As discussed in Notes 2 and 13 to the consolidated
financial statements, effective October 1, 2004, the Company
adopted Financial Accounting Standard 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 Becton, Dickinson and
Company’s internal control over financial reporting as of
September 30, 2006, based on criteria established in Internal
Control-Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission
and our report dated November 17, 2006, expressed an
unqualified opinion thereon.
|
ERNST & YOUNG LLP
New York, New York
November 17, 2006
|
| Report of Independent Registered |
Becton, Dickinson and Company
|
| Public Accounting Firm |
To the Shareholders and Board of Directors of
Becton, Dickinson and Company
We have audited management’s assessment, included in the
accompanying Management’s Report on Internal Control
Over Financial Reporting, that Becton, Dickinson and
Company maintained effective internal control over financial
reporting as of September 30, 2006, based on criteria
established in Internal Control-Integrated Framework issued
by the Committee of Sponsoring Organizations of the
Treadway Commission (the COSO criteria). Becton, Dickinson
and Company’s management is responsible for maintaining
effective internal control over financial reporting and for its
assessment of the effectiveness of internal control over financial
reporting. Our responsibility is to express an opinion on
management’s assessment and an opinion on the effectiveness
of the company’s internal control over financial 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 financial reporting was maintained
in all material respects. Our audit included obtaining
an understanding of internal control over financial reporting,
evaluating management’s assessment, testing and evaluating
the design and operating effectiveness of internal control, 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 financial reporting is a
process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with
generally accepted accounting principles. A company’s internal
control over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of records
that, in reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial 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 financial statements.
Because of its inherent limitations, internal control over
financial 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, management’s assessment that Becton,
Dickinson and Company maintained effective internal control
over financial reporting as of September 30, 2006, is fairly
stated, in all material respects, based on the COSO criteria.
Also, in our opinion, Becton, Dickinson and Company
maintained, in all material respects, effective internal control
over financial reporting as of September 30, 2006, 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 Becton, Dickinson
and Company as of September 30, 2006 and 2005, and the
related consolidated statements of income, comprehensive
income and cash flows for each of the three years in the
period ended September 30, 2006, and our report dated
November 17, 2006, expressed an unqualified opinion thereon.
|
ERNST & YOUNG LLP
New York, New York
November 17, 2006
|
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