Bed, Bath and Beyond 2011 Annual Report Download - page 33

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BED BATH & BEYOND 2011 ANNUAL REPORT
31
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Bed Bath & Beyond Inc.:
We have audited the accompanying consolidated balance sheets of Bed Bath & Beyond Inc. and subsidiaries as of February 25,
2012 and February 26, 2011, and the related consolidated statements of earnings, shareholders’ equity, and cash flows for each
of the fiscal years in the three-year period ended February 25, 2012. In connection with our audits of the consolidated financial
statements, we have also audited the financial statement schedule. These consolidated financial statements and financial
statement schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these
consolidated financial statements and financial statement 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 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 consolidated financial statements referred to above present fairly, in all material respects, the financial
position of Bed Bath & Beyond Inc. and subsidiaries as of February 25, 2012 and February 26, 2011, and the results of their
operations and their cash flows for each of the fiscal years in the three-year period ended February 25, 2012, in conformity with
U.S. generally accepted accounting principles. Also in our opinion, the related financial statement schedule, when considered in
relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information
set forth therein.
We also have 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 February 25, 2012, based on criteria established in Internal Control
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
report dated April 24, 2012 expressed an unqualified opinion on the effectiveness of the Company’s internal control over
financial reporting.
Short Hills, New Jersey
April 24, 2012