Dollar General 2004 Annual Report Download - page 33

Dollar General Corporation 31
Report of Independent Registered Public Accounting Firm
on Internal Control Over Financial Reporting (continued)
In our opinion, management’s assessment that Dollar
General Corporation and subsidiaries did not maintain
effective internal control over financial reporting as of
January 28, 2005 is fairly stated, in all material respects,
based on the COSO control criteria. Also, in our opinion,
because of the effect of the material weakness described
above on the achievement of the objectives of the control
criteria, Dollar General Corporation and subsidiaries have
not maintained effective internal control over financial
reporting as of January 28, 2005, based on the COSO
control criteria.
We do not express an opinion or any other form of
assurance on management’s statements included in
the fourth paragraph of the accompanying Management’s
Annual Report on Internal Control Over Financial
Reporting.
Nashville, Tennessee
April 5, 2005
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of
Dollar General Corporation
Goodlettsville, Tennessee
We have audited the accompanying consolidated balance
sheets of Dollar General Corporation and subsidiaries as
of January 28, 2005 and January 30, 2004, and the
related consolidated statements of income, shareholders’
equity and cash flows for each of the three years in the
period ended January 28, 2005. These financial state-
ments are the responsibility of the Company’s manage-
ment. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with the stan-
dards of the Public Company Accounting Oversight
Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assur-
ance about whether the financial statements are free of
material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclo-
sures 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 financial statements referred to above
present fairly, in all material respects, the consolidated
financial position of Dollar General Corporation and sub-
sidiaries as of January 28, 2005 and January 30, 2004,
and the consolidated results of their operations and their
cash flows for each of the three years in the period
ended January 28, 2005, in conformity with U.S. generally
accepted accounting principles.
As discussed in Note 2 to the consolidated financial
statements, the accompanying consolidated balance
sheet as of January 30, 2004 and consolidated state-
ments of income, shareholders’ equity and cash flows for
the years ended January 30, 2004 and January 31, 2003
have been restated to correct the accounting for leases.
We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board
(United States), the effectiveness of Dollar General
Corporation and subsidiaries’ internal control over finan-
cial reporting as of January 28, 2005, based on criteria
established in Internal Control-Integrated Framework
issued by the Committee of Sponsoring Organizations of
the Treadway Commission and our report dated April 5,
2005 expressed an unqualified opinion on management’s
assessment and an adverse opinion on the effectiveness
of internal control over financial reporting.
Nashville, Tennessee
April 5, 2005