FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 87
Table of Contents
Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors of Moog Inc.
Opinion on Internal Control over Financial Reporting
We have audited Moog Inc.’s internal control over financial reporting as of October 2, 2021, 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). In our opinion, Moog Inc. (the Company) maintained,
in all material respects, effective internal control over financial reporting as of October 2, 2021, based on the COSO
criteria.
As indicated in the accompanying Management’s Report on Internal Control Over Financial Reporting, management’s
assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the
internal controls of Genesys Aerosystems Group, Inc., which is included in the 2021 consolidated financial statements
of the Company and constituted $90.6 million and $81.7 million of total and net assets, respectively, as of October 2,
2021 and $44.2 million and $3.4 million of revenues and net earnings, respectively, for the year then ended. Our audit
of internal control over financial reporting of the Company also did not include an evaluation of the internal control
over financial reporting of Genesys Aerosystems Group, Inc.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States) (PCAOB), the consolidated balance sheets of the Company as of October 2, 2021 and October 3, 2020, the
related consolidated statements of earnings, comprehensive income, shareholders' equity and cash flows for each of
the three years in the period ended October 2, 2021, and the related notes and financial statement schedule listed in
the Index at Item 15 (2) and our report dated November 15, 2021 expressed an unqualified opinion thereon.
Basis for Opinion
The 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 included in the accompanying
Management’s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the
Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with
the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. 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, 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.
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