Cracker Barrel 2005 Annual Report Download - page 49

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47
Report of Independent Registered Public Accounting Firm
TO THE BOARD OF DIRECTORS AND SHAREHOLDERS
OF CBRL GROUP, INC.:
We have audited the accompanying consolidated
balance sheets of CBRL Group, Inc. and subsidiaries
(the “Company”) as of July 29, 2005 and July 30,
2004, and the related consolidated statements of
income, changes in shareholders’ equity, and cash
flows for each of the three fiscal years in the period
ended July 29, 2005. 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
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, such consolidated financial state-
ments present fairly, in all material respects, the
financial position of the Company at July 29, 2005
and July 30, 2004, and the results of its operations
and its cash flows for each of the three fiscal years in
the period ended July 29, 2005, in conformity with
accounting principles generally accepted in the United
States of America.
We have also audited, in accordance with the
standards of the Public Company Accounting Oversight
Board (United States), the effectiveness of the
Company’s internal control over financial reporting as
of July 29, 2005, based on the criteria established
in Internal Control-Integrated Framework issued by the
Committee of Sponsoring Organizations of the
Treadway Commission and our report dated September
23, 2005 expressed an unqualified opinion on
management’s assessment of the effectiveness of the
Company’s internal control over financial reporting
and an unqualified opinion on the effectiveness of the
Company’s internal control over financial reporting.
Nashville, Tennessee
September 23, 2005