GameStop 2004 Annual Report Download - page 59

Report of Independent Registered Public Accounting Firm
Board of Directors and Stockholders
GameStop Corp.
Grapevine, Texas
We have audited management's assessment, included in the accompanying Management's Annual
Report on Internal Control over Financial Reporting appearing under Item 9, that GameStop Corp.
maintained eÅective internal control over Ñnancial reporting as of January 29, 2005, based on the criteria
established in Internal Control Ì Integrated Framework issued by the Committee of Sponsoring Organiza-
tions of the Treadway Commission (COSO). Management of GameStop Corp. is responsible for maintaining
eÅective internal control over Ñnancial reporting and for its assessment of the eÅectiveness of internal control
over Ñnancial reporting. Our responsibility is to express an opinion on management's assessment and an
opinion on the eÅectiveness of the internal control over Ñnancial reporting of GameStop Corp. 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 eÅective internal control over Ñnancial reporting was maintained in all material
respects. Our audit included obtaining an understanding of internal control over Ñnancial reporting, evaluating
management's assessment, testing and evaluating the design and operating eÅectiveness of internal control,
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 Ñnancial reporting is a process designed to provide reasonable
assurance regarding the reliability of Ñnancial reporting and the preparation of Ñnancial statements for external
purposes in accordance with generally accepted accounting principles. A company's internal control over
Ñnancial reporting includes those policies and procedures that (1) pertain to the maintenance of records that,
in reasonable detail, accurately and fairly reÖect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of Ñnancial
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 eÅect on the Ñnancial
statements.
Because of its inherent limitations, internal control over Ñnancial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of eÅectiveness to future periods are subject to the risk that
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, management's assessment that GameStop Corp. maintained eÅective internal control
over Ñnancial reporting as of January 29, 2005, is fairly stated, in all material respects, based on criteria
established in Internal Control Ì Integrated Framework issued by the COSO. Also, in our opinion,
GameStop Corp. maintained, in all material respects, eÅective internal control over Ñnancial reporting as of
January 29, 2005, based on the criteria established in Internal Control Ì Integrated Framework issued by the
COSO.
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