AutoZone 2011 Annual Report Download - page 100

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of AutoZone, Inc.
We have audited the accompanying consolidated balance sheets of AutoZone, Inc. as of August 27, 2011 and
August 28, 2010 and the related consolidated statements of income, stockholders’ (deficit) equity, and cash flows
for each of the three years in the period ended August 27, 2011. These financial statements are the responsibility
of AutoZone, Inc.’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 AutoZone, Inc. as of August 27, 2011 and August 28, 2010, and the consolidated results of its
operations and its cash flows for each of the three years in the period ended August 27, 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), AutoZone, Inc.’s internal control over financial reporting as of August 27, 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 October 24, 2011 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
Memphis, Tennessee
October 24, 2011
38
10-K