Home Depot 2011 Annual Report Download - page 33

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27
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 independent 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 Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
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
January 29, 2012 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, 2012 in providing reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S.
generally accepted accounting principles. The effectiveness of our internal control over financial reporting as of January 29,
2012 has been audited by KPMG LLP, an independent registered public accounting firm, as stated in their report which is
included on page 28 in this Form 10-K.
/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