Barnes and Noble 2011 Annual Report Download - page 66

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Board of Directors and Stockholders
Barnes & Noble, Inc.
New York, New York
We have audited the accompanying consolidated balance
sheets of Barnes & Noble, Inc., as of April 30, 2011 and May 1,
2010 and the related consolidated statements of operations,
changes in shareholders’ equity and cash fl ows for each of
the two fi scal years ended April 30, 2011 and May 1, 2010,
the transition period ended May 2, 2009 and the fi scal year
ended January 31, 2009. These fi nancial statements are the
responsibility of the Company’s management. Our responsi-
bility is to express an opinion on these fi nancial 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
fi nancial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence support-
ing the amounts and disclosures in the fi nancial statements,
assessing the accounting principles used and signifi cant
estimates made by management, as well as evaluating the
overall fi nancial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the consolidated fi nancial statements
referred to above present fairly, in all material respects, the
fi nancial position of Barnes & Noble, Inc. as of April 30, 2011
and May 1, 2010 and the results of its operations and its cash
fl ows for each of the two fi scal years ended April 30, 2011,
May 1, 2010, the transition period ended May 2, 2009 and
the fi scal year ended January 31, 2009, in conformity with
accounting principles generally accepted in the United States
of America.
We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United
States), Barnes & Noble, Inc.’s internal control over fi nancial
reporting as of April 30, 2011, based on criteria established
in Internal Control – Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway
Commission (COSO) and our report dated June 29, 2011
expressed an unqualifi ed opinion thereon.
BDO USA, LLP
New York, New York
June 29, 2011
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
64 Barnes & Noble, Inc.