Green Dot 2010 Annual Report Download - page 63

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Green Dot Corporation
We have audited the accompanying consolidated balance sheets of Green Dot Corporation (the
Company) as of December 31, 2010 and 2009, and the related consolidated statements of operations,
changes in redeemable convertible preferred stock and in stockholders’ equity (deficit), and cash flows for
the year ended December 31, 2010, for the five months ended December 31, 2009, and for each of the two
years in the period ended July 31, 2009. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these 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. We were
not engaged to perform an audit of the Company’s internal control over financial reporting. Our audits
included consideration of internal control over financial reporting as a basis for designing audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such
opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles used and significant estimates
made by management, and evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Green Dot Corporation at December 31, 2010 and 2009, and the related
consolidated statements of operations, changes in redeemable convertible preferred stock and in
stockholder’s equity (deficit), and cash flows for the year ended December 31, 2010, for the five months
ended December 31, 2009, and for each of the two years in the period ended July 31, 2009, in conformity
with U.S. generally accepted accounting principles.
/s/ Ernst & Young LLP
Los Angeles, California
February 25, 2011
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