Dillard's 2012 Annual Report Download - page 54

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To The Board of Directors and Stockholders of Dillard’s, Inc.:
In our opinion, the accompanying consolidated statements of income, comprehensive income,
stockholders’ equity and cash flows for the year ended January 29, 2011 present fairly, in all material
respects, the results of operations and cash flows of Dillard’s, Inc. and its subsidiaries for the year then
ended, in conformity with accounting principles generally accepted in the United States of America.
These financial statements are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these financial statements based on our audit. We conducted our audit of these
statements 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,
assessing the accounting principles used and significant estimates made by management, and evaluating
the overall financial statement presentation. We believe that our audit provides a reasonable basis for
our opinion.
/s/ PricewaterhouseCoopers LLP
Dallas, Texas
March 23, 2011
F-4