Build-A-Bear Workshop 2011 Annual Report Download - page 52

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BUILD-A-BEAR WORKSHOP, INC. 2011 FORM 10-K
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Build-A-Bear Workshop, Inc.:
We have audited the accompanying consolidated balance sheet of Build-A-Bear Workshop, Inc. and subsidiaries
(the Company) as of January 1, 2011, and the related consolidated statements of operations, stockholders’ equity, and cash
flows for each of the fiscal years in the two-year period ended January 1, 2011. These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated 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 consolidated financial statements referred to above present fairly, in all material respects, the financial
position of Build-A-Bear Workshop, Inc. and subsidiaries as of January 1, 2011, and the results of its operations and its cash
flows for each of the fiscal years in the two-year period ended January 1, 2011, in conformity with U.S. generally accepted
accounting principles.
/s/ KPMG LLP
St. Louis, Missouri
March 17, 2011
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