Barnes and Noble 2006 Annual Report Download - page 49

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors
Barnes & Noble, Inc.
New York, New York
We have audited the accompanying consolidated bal-
ance sheets of Barnes & Noble, Inc. and subsidiaries
as of February ,  and January ,  and the
related consolidated statements of operations, changes
in shareholders’ equity and cash fl ows for each of the
three fi scal years in the period ended February , .
These fi nancial statements are the responsibility of
the Company’s management. Our responsibility is to
express an opinion on these fi nancial 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 fi nancial statements are free of mate-
rial misstatement. An audit also includes examining,
on a test basis, evidence supporting the amounts and
disclosures in the fi nancial statements, assessing the
accounting principles used and signifi cant estimates
made by management, as well as evaluating the overall
fi nancial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the consolidated fi nancial statements
referred to above present fairly, in all material respects,
the fi nancial position of Barnes & Noble, Inc. and
subsidiaries as of February ,  and January ,
 and the results of their operations and their cash
fl ows for each of the three fi scal years in the period
ended February , , in conformity with accounting
principles generally accepted in the United States of
America.
As discussed in Note  to the consolidated fi nancial
statements, the Company changed its method of
accounting for stock-based compensation.
We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board
(United States), the eff ectiveness of Barnes & Noble, Inc.
and subsidiaries’ internal control over fi nancial report-
ing as of February , , based on criteria established
in Internal Control – Integrated Framework issued
by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO) and our report dated
April ,  expressed an unqualifi ed opinion thereon.
BDO Seidman, LLP
New York, New York
April , 
2006 Annual Report 47