Saks Fifth Avenue 2010 Annual Report Download - page 129
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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, 2010 and 2009, and the changes in net assets available for benefits for each of the three
years in the period ended December 31, 2010, 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, 2011
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