Saks Fifth Avenue 2009 Annual Report Download - page 138

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Report of Independent Registered Public Accounting Firm
To the Board of Directors of Saks Incorporated
In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits of Saks Incorporated Employee Stock Purchase Plan (the “Plan”) at December 31, 2009
and 2008, and the changes in net assets available for benefits for the three years ended December 31, 2009, in conformity with accounting principles generally
accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion
on these financial statements based on our audits. We conducted our audits of these statements 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
Birmingham, Alabama
March 18, 2010
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Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠