Barnes and Noble 2015 Annual Report Download - page 70

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The Board of Directors and Shareholders of Barnes &
Noble, Inc.
We have audited the accompanying consolidated balance
sheets of Barnes & Noble, Inc. as of May ,  and May ,
, and the related consolidated statements of income,
comprehensive income, shareholders’ equity and cash
flows for each of the three years in the period ended May
, . Our audits also included the financial statement
schedule listed in the Index at Item (a). These financial
statements and schedule are the responsibility of the
Company’s management. Our responsibility is to express
an opinion on these financial statements and schedule
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 manage-
ment, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reason-
able basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the consolidated
financial position of Barnes & Noble, Inc. at May , 
and May , , and the consolidated results of its opera-
tions and its cash flows for each of the three years in the
period ended May , , in conformity with U.S. gener-
ally accepted accounting principles. Also, in our opinion,
the related financial statement schedule, when considered
in relation to the basic financial statements taken as a
whole, presents fairly in all material respects the informa-
tion set forth therein.
We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United
States), Barnes & Noble, Inc.’s internal control over finan-
cial reporting as of May , , based on criteria estab-
lished in Internal Control-Integrated Framework issued
by the Committee of Sponsoring Organizations of the
Treadway Commission ( framework) and our report
dated June ,  expressed an unqualified opinion
thereon.
Ernst & Young LLP
New York, NY
June , 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
68 Barnes & Noble, Inc.