Pep Boys 2007 Annual Report Download - page 131

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In our opinion, because of the effects of the material weakness identified above on the
achievement of the objectives of the control criteria, the Company has not maintained effective internal
control over financial reporting as of February 2, 2008, based on the criteria established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission.
We have also audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the consolidated financial statements and financial statement schedule
as of and for the fiscal year ended February 2, 2008 of the Company and our report, dated April 30,
2008, expressed an unqualified opinion on those consolidated financial statements and financial
statement schedule and included an explanatory paragraph relating to the Company’s adoption of
Financial Accounting Standards Board Interpretation (‘‘FIN’’) 48, Accounting for Uncertainty in Income
Taxes, as of February 4, 2007.
Deloitte & Touche LLP
Philadelphia, Pennsylvania
April 30, 2008
85
10-K