Summary
This filing is an amendment (10-K/A) to The Williams Companies, Inc.'s 2004 Annual Report, primarily to correct an omission in the auditor's reports. The core financial statements and the assessment of internal controls over financial reporting remain unchanged, with both receiving unqualified opinions from Ernst & Young LLP. The company's management assessed its internal controls as effective as of December 31, 2004, and the auditors concurred with this assessment. Investors should note that this amendment is procedural and does not alter the previously reported financial position or operational results for the fiscal year ended December 31, 2004. The company's financial statements and internal controls were deemed reliable and effective by its independent auditors, providing a foundation of confidence for stakeholders regarding the accuracy of its financial reporting.
Key Highlights
- 1Amendment to the 2004 10-K filing to correct auditor signature omissions in specific reports.
- 2Ernst & Young LLP issued an unqualified opinion on the effectiveness of internal control over financial reporting as of December 31, 2004.
- 3Management's assessment of effective internal controls over financial reporting as of December 31, 2004, was deemed fairly stated by the auditors.
- 4Ernst & Young LLP also issued an unqualified opinion on the consolidated financial statements for the fiscal years ended December 31, 2004, 2003, and 2002.
- 5The financial statements present fairly, in all material respects, the consolidated financial position and results of operations.
- 6The company adopted EITF Issue No. 02-3 regarding energy trading and risk management contracts and SFAS No. 143 for Asset Retirement Obligations effective January 1, 2003.