Advance Auto Parts 2006 Annual Report Download - page 65

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
Advance Auto Parts, Inc. and Subsidiaries
Roanoke, Virginia
We have audited the accompanying consolidated balance sheets of Advance Auto Parts, Inc. and subsidiaries (the
Company) as of December 30, 2006 and December 31, 2005, and the related consolidated statements of operations,
changes in stockholders' equity, and cash flows for each of the three years in the period ended December 30, 2006.
These financial statements are the responsibility of the Company's management. Our responsibility is to express an
opinion on the 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, such consolidated financial statements present fairly, in all material respects, the financial position of
Advance Auto Parts, Inc. and subsidiaries as of December 30, 2006 and December 31, 2005, and the results of their
operations and their cash flows for each of the three years in the period ended December 30, 2006, in conformity with
accounting principles generally accepted in the United States of America.
As discussed in Notes 2, 17 and 18 to the consolidated financial statements, in 2006 the Company changed its method of
accounting for share-based payments to conform to Financial Accounting Standards Board (FASB) Statement No. 123
(R), Share-Based Payment, and changed its method of accounting for other postretirement benefits to conform to FASB
Statement No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment
of FASB Statements No. 87, 88, 106, and 132 (R).
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the effectiveness of the Company's internal control over financial reporting as of December 30, 2006, based on
the criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 27, 2007 expressed an unqualified opinion on
management's assessment of the effectiveness of the Company's internal control over financial reporting and an
unqualified opinion on the effectiveness of the Company's internal control over financial reporting.
McLean, Virginia
February 27, 2007
F-2