Buffalo Wild Wings 2015 Annual Report Download - page 40

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40
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Buffalo Wild Wings, Inc.:
We have audited the accompanying consolidated balance sheets of Buffalo Wild Wings, Inc. and subsidiaries as of December 27,
2015 and December 28, 2014, and the related consolidated statements of earnings, comprehensive income, total equity, and cash
flows for each of the fiscal years in the three-year period ended December 27, 2015. 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, the consolidated financial statements referred to above present fairly, in all material respects, the financial position
of Buffalo Wild Wings, Inc. and subsidiaries as of December 27, 2015 and December 28, 2014, and the results of their operations
and their cash flows for each of the fiscal years in the period ended December 27, 2015, in conformity with U.S. generally
accepted accounting principles.
As discussed in Note 1 to the consolidated financial statements, the Company adopted ASU No. 2015-17, Balance Sheet
Classification of Deferred Taxes, in fiscal 2015 which requires that deferred tax assets and liabilities be classified as noncurrent
in the statement of financial position.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Buffalo Wild Wings, Inc. and subsidiaries internal control over financial reporting as of December 27, 2015, based on criteria
established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO), and our report dated February 25, 2016 expressed an adverse opinion on the effectiveness of the
Company’s internal control over financial reporting.
/s/ KPMG LLP
Minneapolis, Minnesota
February 25, 2016