Stamps.com 2011 Annual Report Download - page 50

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Repor t of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of
Stamps.com Inc. and Subsidiary
We have audited the accompanying consolidated balance sheets of Stamps.com Inc. and Subsidiary as of December 31, 2011 and 2010, and the
related consolidated statements of income, stockholders’
equity, and cash flows for each of the three years in the period ended December 31,
2011. These financial statements are the responsibility of the Company’
s management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits 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. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of
Stamps.com Inc. and Subsidiary at December 31, 2011 and 2010, and the consolidated results of their operations and their cash flows for each of
the three years in the period ended December 31, 2011, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Stamps.com Inc.
and Subsidiary’s internal control over financial reporting as of December 31, 2011, based on criteria established in Internal Control-
Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated March 14, 2012 expressed
an unqualified opinion thereon.
Table of Contents
/s/ ERNST & YOUNG LLP
Los Angeles, California
March 14, 2012
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