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To The Board of Directors and Stockholders of
Barnes & Noble, Inc.
We have audited the accompanying consolidated balance
sheet of Barnes & Noble, Inc.(the “Company”) as of April
27, 2013 and the related consolidated statements of opera-
tions, comprehensive income (loss), changes in share-
holders’ equity and cash flows for the year then ended. Our
audit also includes the financial statement schedule for the
52 week period ended April 27, 2013 listed in the Index at
Item 15(a). These financial statements and schedule are
the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial
statements and schedule based on our audit.
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 manage-
ment, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reason-
able basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the consolidated
financial position of Barnes & Noble, Inc. at April 27, 2013,
and the consolidated results of its operations and its cash
flows for the year then ended, in conformity with U.S.
generally accepted accounting principles. Also, in our
opinion, the related financial statement schedule for the
52 week period ended April 27, 2013, when considered in
relation to the basic financial statement taken as a whole,
present fairly in all material respects the information set
forth therein.
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
financial reporting as of April 27, 2013, based on criteria
established in Internal Control – Integrated Framework
issued by the Committee of Sponsoring Organizations
of the Treadway Commission (1992 Framework) and our
report dated July 26, 2013 expressed an adverse opinion
thereon.
ERNST & YOUNG, LLP
New York, New York
July 26, 2013
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
2013 Annual Report 75