Lumber Liquidators 2014 Annual Report Download - page 51

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Report of Ernst & Young LLP, Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of Lumber Liquidators Holdings, Inc.
We have audited the accompanying consolidated balance sheets of Lumber Liquidators Holdings, Inc. as
of December 31, 2014 and 2013, and the related consolidated statements of income, other comprehensive
income, stockholders’ equity, and cash flows for each of the three years in the period ended December 31,
2014. Our audits also included Financial Statement Schedule II — Analysis of Valuation and Qualifying
Accounts for each of the three years in the period ended December 31, 2014. These financial statements and
schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on
these financial statements and schedule 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 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Lumber Liquidators Holdings, Inc. at December 31, 2014 and 2013, and
the consolidated results of its operations and its cash flows for each of the three years in the period ended
December 31, 2014, in conformity with U.S. generally accepted accounting principles. Also, in our opinion,
the related financial statement schedule, when considered in relation to the basic financial statements taken as
a whole, presents fairly in all material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), Lumber Liquidators Holdings, Inc.’s internal control over financial reporting as of
December 31, 2014, based on criteria established in Internal Control — Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated
February 25, 2015 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
Richmond, Virginia
February 25, 2015
43