Dick's Sporting Goods 2008 Annual Report Download - page 43

Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders of Dick’s Sporting Goods, Inc.
Pittsburgh, Pennsylvania
We have audited the internal control over fi nancial reporting of Dick’s Sporting Goods, Inc. and subsidiaries (the “Company”) as of
January 31, 2009, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission. The Company’s management is responsible for maintaining effective internal control
over fi nancial reporting and for its assessment of the effectiveness of internal control over fi nancial reporting, included in the
accompanying Report of Management on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on
the Company’s internal control over fi nancial reporting based on our audit.
We conducted our audit 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 effective internal control
over fi nancial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal
control over fi nancial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating
effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in
the circumstances. We believe that our audit provides a reasonable basis for our opinion.
A company’s internal control over fi nancial reporting is a process designed by, or under the supervision of, the company’s principal
executive and principal fi nancial offi cers, or persons performing similar functions, and effected by the company’s board of directors,
management, and other personnel to provide reasonable assurance regarding the reliability of fi nancial reporting and the preparation
of fi nancial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control
over fi nancial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly refl ect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of fi nancial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management
and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use, or disposition of the company’s assets that could have a material effect on the fi nancial statements.
Because of the inherent limitations of internal control over fi nancial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis.
Also, projections of any evaluation of the effectiveness of the internal control over fi nancial reporting to future periods are subject to
the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
In our opinion, the Company maintained, in all material respects, effective internal control over fi nancial reporting as of January 31, 2009,
based on the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
consolidated fi nancial statements as of and for the fi scal year ended January 31, 2009 of the Company and our report dated
March 20, 2009 expressed an unqualifi ed opinion on those fi nancial statements and included an explanatory paragraph regarding
the Company’s adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes,
on February 4, 2007.
Deloitte & Touche LLP
Pittsburgh, Pennsylvania
March 20, 2009
DICK’S SPORTING GOODS, INC. 2008 ANNUAL REPORT 41