Home Depot 2006 Annual Report Download - page 43

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
The Home Depot, Inc.:
We have audited the accompanying Consolidated Balance Sheets of The Home Depot, Inc. and
subsidiaries as of January 28, 2007 and January 29, 2006, and the related Consolidated Statements of
Earnings, Stockholders’ Equity and Comprehensive Income, and Cash Flows for each of the fiscal years
in the three-year period ended January 28, 2007. These Consolidated Financial Statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these
Consolidated 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. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the Consolidated Financial Statements referred to above present fairly, in all material
respects, the financial position of The Home Depot, Inc. and subsidiaries as of January 28, 2007 and
January 29, 2006, and the results of their operations and their cash flows for each of the fiscal years in
the three-year period ended January 28, 2007, in conformity with U.S. generally accepted accounting
principles.
As discussed in Note 2 to the consolidated financial statements, effective January 30, 2006, the
beginning of the fiscal year ended January 28, 2007, the Company adopted Securities and Exchange
Commission Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when
Quantifying Misstatements in the Current Year Financial Statements.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), the effectiveness of The Home Depot, Inc.’s internal control over financial
reporting as of January 28, 2007, based on criteria established in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO), and our report dated March 21, 2007 expressed an unqualified opinion on management’s
assessment of, and the effective operation of, internal control over financial reporting.
/s/ KPMG LLP
Atlanta, Georgia
March 21, 2007
33