Whole Foods 2010 Annual Report Download - page 36

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30
Whole Foods Market, Inc.
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders
Whole Foods Market, Inc.
We have audited the accompanying consolidated balance sheets of Whole Foods Market, Inc. as of September 26, 2010 and
September 27, 2009, and the related consolidated statements of operations, shareholders’ equity and comprehensive income,
and cash flows for each of the three fiscal years in the period ended September 26, 2010. 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 Whole Foods Market, Inc. at September 26, 2010 and September 27, 2009, and the consolidated results of their
operations and their cash flows for each of the three fiscal years in the period ended September 26, 2010, in conformity with
U.S. generally accepted accounting principles.
As discussed in Note 2 to the consolidated financial statements, the Company changed its method of accounting for business
combinations with the adoption of guidance originally issued in FASB Statement No. 141(R), Business Combinations
(codified in FASB ASC Topic 805, Business Combinations) effective September 28, 2009.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Whole Foods Market, Inc.’s internal control over financial reporting as of September 26, 2010, based on criteria established
in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission and our report dated November 24, 2010 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
Austin, Texas
November 24, 2010