OfficeMax 2005 Annual Report Download - page 108

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
OfficeMax Incorporated:
We have audited the accompanying consolidated balance sheets of OfficeMax Incorporated
and subsidiaries as of December 31, 2005 and 2004, and the related consolidated statements of
income (loss), shareholders’ equity, and cash flows for each of the years in the three-year period
ended December 31, 2005. 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 OfficeMax Incorporated and subsidiaries as of
December 31, 2005 and 2004, and the results of their operations and their cash flows for each of
the years in the three-year period ended December 31, 2005, in conformity with U.S. generally
accepted accounting principles.
As discussed in Note 8 to the consolidated financial statements, the Company adopted the
provisions of Statement of Financial Accounting Standards No. 143, Accounting for Asset Retirement
Obligations, and Emerging Issues Task Force Issue 02-16, Accounting by a Customer (Including a
Reseller) for Certain Consideration Received from a Vendor, effective January 1, 2003.
We also have audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the effectiveness of OfficeMax Incorporated’s internal control over
financial reporting as of December 31, 2005, 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 13, 2006, expressed an unqualified opinion on
management’s assessment of, and the effective operation of, internal control over financial
reporting.
/s/ KPMG LLP
Chicago, Illinois
March 13, 2006
104