Neiman Marcus 2009 Annual Report Download - page 96

Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of Neiman Marcus, Inc.
We have audited the accompanying consolidated balance sheets of Neiman Marcus, Inc. as of July 31, 2010 and August 1,
2009, and the related consolidated statements of operations, cash flows, and shareholders' equity for each of the three years in the
period ended July 31, 2010. Our audits also included the financial statement schedule listed in the Index at Item 15. 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 Neiman Marcus, Inc. at July 31, 2010 and August 1, 2009, and the consolidated results of its operations and its cash flows
for each of the three years in the period ended July 31, 2010, 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),
Neiman Marcus, Inc.'s internal control over financial reporting as of July 31, 2010, based on criteria established in Internal Control-
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
October 1, 2010 expressed an unqualified opinion thereon.
/S/ ERNST & YOUNG LLP
Dallas, Texas
October 1, 2010
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