Famous Footwear 2014 Annual Report Download - page 40

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2014 BROWN SHOE COMPANY, INC. FORM 10-K 39
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Brown Shoe Company, Inc.
We have audited the accompanying consolidated balance sheets of Brown Shoe Company, Inc. (the Company) as of
January 31, 2015 and February 1, 2014, and the related consolidated statements of earnings, comprehensive income,
cash flows and shareholders’ equity for each of the three years in the period ended January 31, 2015. Our audits also
included the financial statement schedule listed in the Index at Item 15(a). These financial statements and schedule
are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements and schedule 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 financial statements referred to above present fairly, in all material respects, the consolidated
financial position of Brown Shoe Company, Inc. at January 31, 2015 and February 1, 2014, and the consolidated results
of its operations and its cash flows for each of the three years in the period ended January 31, 2015, in conformity
with U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule,
when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects,
the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), Brown Shoe Company, Inc.’s internal control over financial reporting as of January 31, 2015, based on criteria
established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (2013 Framework), and our report dated March 31, 2015, expressed an unqualified opinion thereon.
St. Louis, Missouri
March 31, 2015