Big Lots 2011 Annual Report Download - page 155
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39
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Big Lots, Inc.
Columbus, Ohio
We have audited the accompanying consolidated balance sheets of Big Lots, Inc. and subsidiaries (the
“Company”) as of January 28, 2012 and January 29, 2011, and the related consolidated statements of operations,
shareholders’ equity, and cash flows for each of the three years in the period ended January 28, 2012. These
consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these consolidated 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, such consolidated financial statements present fairly, in all material respects, the financial
position of Big Lots, Inc. and subsidiaries at January 28, 2012 and January 29, 2011, and the results of their
operations and their cash flows for each of the three years in the period ended January 28, 2012, in conformity
with accounting principles generally accepted in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the Company’s internal control over financial reporting as of January 28, 2012, based on criteria
established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission and our report dated March 26, 2012, expressed an unqualified opinion on the
Company’s internal control over financial reporting.
/s/ DELOITTE & TOUCHE LLP
Dayton, Ohio
March 26, 2012