Rite Aid 2016 Annual Report Download - page 68

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generally accepted accounting principles, and that receipts and expenditures of the company are being
made only in accordance with authorizations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of the inherent limitations of internal control over financial reporting, including the
possibility of collusion or improper management override of controls, material misstatements due to
error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation
of the effectiveness of the internal control over financial reporting to future periods are subject to the
risk that the controls may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
In our opinion, the Company maintained, in all material respects, effective internal control over
financial reporting as of February 27, 2016, based on the criteria established in Internal Control—
Integrated Framework (2013) 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 year ended February 27, 2016 of the Company and our report dated April 25, 2016
expressed an unqualified opinion on those financial statements and financial statement schedule.
/s/ Deloitte & Touche LLP
Philadelphia, Pennsylvania
April 25, 2016
Item 9B. Other Information
None
PART III
We intend to file with the SEC a definitive proxy statement for our 2016 Annual Meeting of
Stockholders, to be held on June 22, 2016, pursuant to Regulation 14A not later than 120 days after
February 27, 2016. The information required by Part III (Items 10, 11, 12, 13 and 14) is incorporated
by reference from that proxy statement.
PART IV
Item 15. Exhibits and Financial Statement Schedule
(a) The consolidated financial statements of the Company and report of the independent
registered public accounting firm identified in the following index are included in this report from the
individual pages filed as a part of this report:
68