GameStop 2006 Annual Report Download - page 61

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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 9A of the Annual Report on Form 10-K, that
GameStop Corp. maintained effective internal control over financial reporting as of February 3, 2007, based on the
criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Orga-
nizations of the Treadway Commission (COSO). Management of GameStop Corp. is responsible for maintaining
effective internal control over financial reporting and for its assessment of the effectiveness of internal control over
financial reporting. Our responsibility is to express an opinion on management’s assessment and an opinion on the
effectiveness of the internal control over financial 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 effective internal control over financial reporting was maintained in all material respects. Our audit
included obtaining an understanding of internal control over financial reporting, evaluating management’s
assessment, testing and evaluating the design and operating effectiveness 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 opinions.
A company’s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company’s internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of financial 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 financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness 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 effective internal control over
financial reporting as of February 3, 2007, is fairly stated, in all material respects, based on criteria established in
Internal Control — Integrated Framework issued by the COSO. Also, in our opinion, GameStop Corp. maintained,
in all material respects, effective internal control over financial reporting as of February 3, 2007, based on the
criteria established in Internal Control — Integrated Framework issued by COSO.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the consolidated balance sheets of GameStop Corp. as of February 3, 2007 and January 28, 2006
and the related consolidated statements of operations, stockholders’ equity, and cash flows for the 53 week period
ended February 3, 2007 and for the 52 week periods ended January 28, 2006 and January 29, 2005. We have also
audited the schedule listed in Item 15(a)(2) for this Form 10-K. Our report dated April 2, 2007 expressed an
unqualified opinion on those consolidated financial statements and schedule.
/s/ BDO SEIDMAN, LLP
BDO Seidman, LLP
Dallas, Texas
April 2, 2007
46