Aarons 2007 Annual Report Download - page 47

Report of Independent Registered Public Accounting Firm
THE BOARD OF DIRECTORS AND
SHAREHOLDERS OF AARON RENTS, INC.
We have audited Aaron Rents, Inc.’s internal control over
financial reporting as of December 31, 2007, based on cri-
teria established in Internal Control — Integrated Framework
issued by the Committee of Sponsoring Organizations of the
Treadway Commission (the COSO criteria). Aaron Rents, Inc.’s
management is responsible for maintaining effective internal
control over financial reporting, and for its assessment of
the effectiveness of internal control over financial reporting
included in the accompanying Management’s Report on
Internal Control over Financial Reporting. Our responsibility
is to express an opinion on the company’s internal control
over financial reporting based on our audit.
We conducted our audit 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
effective internal control over financial reporting was main-
tained in all material respects. Our audit included obtaining
an understanding of internal control over financial reporting,
assessing the risk that a material weakness exists, testing
and evaluating the design and operating effectiveness of
internal control based on the assessed risk, and performing
such other procedures as we considered necessary in the
circumstances. We believe that our audit provides a reason-
able basis for our opinion.
A company’s internal control over financial reporting is a
process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance
with generally accepted accounting principles. A company’s
internal control over financial reporting includes those poli-
cies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the com-
pany 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 its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that 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, Aaron Rents, Inc. maintained, in all mate-
rial respects, effective internal control over financial reporting
as of December 31, 2007, based on the COSO criteria.
We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United
States), the consolidated balance sheets of Aaron Rents, Inc.
as of December 31, 2007 and December 31, 2006, and the
related consolidated statements of earnings, shareholders’
equity, and cash flows for each of the three years in the
period ended December 31, 2007. Our report dated February
28, 2008 expressed an unqualified opinion thereon.
Atlanta, Georgia
February 28, 2008
45