Home Depot 2005 Annual Report Download - page 45

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Item 8. Financial Statements and Supplementary Data.
Management’s Responsibility for Financial Statements
The financial statements presented in this Annual Report have been prepared with integrity and
objectivity and are the responsibility of the management of The Home Depot, Inc. These financial
statements have been prepared in conformity with U.S. generally accepted accounting principles and
properly reflect certain estimates and judgments based upon the best available information.
The financial statements of the Company have been audited by KPMG LLP, an independent registered
public accounting firm. Their accompanying report is based upon an audit conducted in accordance
with the standards of the Public Company Accounting Oversight Board (United States).
The Audit Committee of the Board of Directors, consisting solely of outside directors, meets five times
a year with the independent registered public accounting firm, the internal auditors and representatives
of management to discuss auditing and financial reporting matters. In addition, a telephonic meeting is
held prior to each quarterly earnings release. The Audit Committee retains the independent registered
public accounting firm and regularly reviews the internal accounting controls, the activities of the
independent registered public accounting firm and internal auditors and the financial condition of the
Company. Both the Company’s independent registered pubic accounting firm and the internal auditors
have free access to the Audit Committee.
Management’s Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over
financial reporting, as such term is defined in Rule 13a-15(f) promulgated under the Securities
Exchange Act of 1934, as amended. Under the supervision and with the participation of our
management, including our principal executive officer and principal financial officer, we conducted an
evaluation of the effectiveness of our internal control over financial reporting based on the framework
in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO). Based on our evaluation, our management concluded that our internal
control over financial reporting was effective as of January 29, 2006. Our management’s assessment of
the effectiveness of our internal control over financial reporting as of January 29, 2006 has been
audited by KPMG LLP, an independent registered public accounting firm, as stated in its report which
is included herein.
/s/ ROBERT L. NARDELLI /s/ CAROL B. TOM´
E
Robert L. Nardelli Carol B. Tom´
e
Chairman, President & Executive Vice President &
Chief Executive Officer Chief Financial Officer
33