Home Depot 2007 Annual Report Download - page 46

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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 public 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
Rules 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 chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of our internal
control over financial reporting as of February 3, 2008 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 February 3, 2008 in providing reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
The effectiveness of our internal control over financial reporting as of February 3, 2008 has been audited by KPMG LLP, an independent
registered public accounting firm, as stated in their report which is included on page 32 in this Form 10-K.
31
/s/
FRANCIS S. BLAKE
Francis S. Blake
Chairman &
Chief Executive Officer
/s/
CAROL B. TOMÉ
Carol B. Tomé
Chief Financial Officer &
Executive Vice President – Corporate
Services