Dollar Tree 2006 Annual Report Download - page 28

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The Board of Directors and Stockholders
Dollar Tree Stores, Inc.:
We have audited the accompanying consolidated balance sheets of Dollar Tree Stores, Inc. and subsidiaries
(the Company) as of February 3, 2007 and January 28, 2006, and the related consolidated statements of
operations, shareholders’ equity and comprehensive income, and cash flows for each of the fiscal years in the
three-year period ended February 3, 2007. 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 the Company as of February 3, 2007 and January 28, 2006, and the results of their
operations and their cash flows for each of the fiscal years in the three-year period ended February 3, 2007,
in conformity with U.S. generally accepted accounting principles.
As discussed in note 1 to the consolidated financial statements, effective January 29, 2006, the Company
adopted Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of the Company’s internal control over financial reporting as of February 3,
2007, based on the criteria established in Internal Control – Integrated Framework, issued by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated April 2, 2007,
expressed an unqualified opinion on management’s assessment of, and the effective operation of, internal
control over financial reporting.
Norfolk, Virginia
April 2, 2007
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
26 DOLLAR TREE STORES, INC. • 2006 ANNUAL REPORT