Pottery Barn 2006 Annual Report Download - page 77

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In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
financial position of Williams-Sonoma, Inc. and subsidiaries as of January 28, 2007 and January 29, 2006, and
the results of their operations and their cash flows for each of the three years in the period ended January 28,
2007, in conformity with accounting principles generally accepted in the United States of America. Also in our
opinion, management’s assessment that the Company maintained effective internal control over financial
reporting as of January 28, 2007, is fairly stated, in all material respects, based on the criteria established in
Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Furthermore, in our opinion, the Company maintained, in all material respects, effective internal
control over financial reporting as of January 28, 2007, based on the criteria established in Internal Control –
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
As discussed in Note A to the consolidated financial statements, on January 30, 2006, the Company changed its
method of accounting for share-based payment arrangements to conform to Statement of Financial Accounting
Standards No. 123(R), “Share Based Payment” and adopted Financial Accounting Standards Board Staff Position
13-1, “Accounting for Rental Costs Incurred During a Construction Period”.
/s/ DELOITTE & TOUCHE LLP
San Francisco, California
March 29, 2007
65
Form 10-K