Advance Auto Parts 2009 Annual Report Download - page 55

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F-2
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 January 2, 2010 and January 3, 2009, and the related consolidated statements of operations, changes in
stockholders’ equity, and cash flows for each of the three years in the period ended January 2, 2010. 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 January 2, 2010 and January 3, 2009, and the results of their operations
and their cash flows for each of the three years in the period ended January 2, 2010, in conformity with accounting
principles generally accepted in the United States of America.
As discussed in Notes 2, 14 and 15 to the consolidated financial statements, the Company changed its methods of
accounting for computing earnings per share when there are participating securities in 2009 and retrospectively applied it
to the periods ended January 3, 2009 and December 29, 2007 and for uncertain tax positions in 2007. As discussed in
Note 3 to the consolidated financial statements, the Company implemented a change in accounting principle for costs
included in inventory on January 4, 2009 and retrospectively applied it to the consolidated statements of operations, for
the periods ended January 3, 2009 and December 29, 2007.
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 January 2, 2010, 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 March 2, 2010 expressed an unqualified opinion on the Company's internal control
over financial reporting.
Richmond, Virginia
March 2, 2010