American Eagle Outfitters 2009 Annual Report Download - page 36

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of
American Eagle Outfitters, Inc.
We have audited the accompanying consolidated balance sheets of American Eagle Outfitters, Inc.
(the Company) as of January 30, 2010 and January 31, 2009, and the related consolidated statements of operations,
comprehensive income, stockholders’ equity, and cash flows for each of the three years in the period ended
January 30, 2010. These financial statements are the responsibility of the Company’s management. Our respon-
sibility 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, the financial statements referred to above present fairly, in all material respects, the
consolidated financial position of American Eagle Outfitters, Inc. at January 30, 2010 and January 31, 2009,
and the consolidated results of its operations and its cash flows for each of the three years in the period ended
January 30, 2010, in conformity with U.S. generally accepted accounting principles.
As discussed in Note 13 to the consolidated financial statements, the Company changed its accounting for
income tax uncertainties effective February 4, 2007.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), American Eagle Outfitters, Inc.’s internal control over financial reporting as of January 30, 2010,
based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated March 26, 2010 expressed an unqualified opinion.
/s/ Ernst & Young LLP
Pittsburgh, Pennsylvania
March 26, 2010
35