Pottery Barn 2007 Annual Report Download - page 73

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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 February 3, 2008 and January 28, 2007, and
the results of their operations and their cash flows for each of the three years in the period ended February 3,
2008, in conformity with accounting principles generally accepted in the United States of America. Also, in our
opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of
February 3, 2008, 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, the Company adopted the provisions of
Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income
Taxes-an interpretation of FASB Statement No. 109 on January 29, 2007, and adopted FASB Staff Position 13-1,
Accounting for Rental Costs Incurred During a Construction Period on January 30, 2006. Additionally, as
discussed in Note I the Company adopted Statement of Financial Accounting Standards (“SFAS”) No. 123(R),
Share-Based Payment on January 30, 2006.
/s/ DELOITTE & TOUCHE LLP
San Francisco, California
April 3, 2008
63
Form 10-K