Advance Auto Parts 2007 Annual Report Download - page 61

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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 29, 2007 and December 30, 2006, and the related consolidated statements of operations,
stockholders' equity, and cash flows for each of the three years in the period ended December 29, 2007. 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, such consolidated financial statements present fairly, in all material respects, the financial position of
Advance Auto Parts, Inc. and subsidiaries as of December 29, 2007 and December 30, 2006, and the results of their
operations and their cash flows for each of the three years in the period ended December 29, 2007, in conformity with
accounting principles generally accepted in the United States of America.
As discussed in Notes 2, 12, 15 and 16 to the consolidated financial statements, the Company changed its method of
accounting for uncertain tax positions to conform to Financial Accounting Standards Board (“FASB”) Interpretation No.
48, Accounting for Uncertainty in Income Taxes, in 2007, its method of accounting for share-based payments to conform
to FASB Statement No. 123(R), Share-Based Payment, in 2006, 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), in 2006.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the Company's internal control over financial reporting as of December 29, 2007, 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 26, 2008 expressed an unqualified opinion on the Company's
internal control over financial reporting.
/s/ Deloitte & Touche LLP
Richmond, Virginia
February 26, 2008
F-2