Foot Locker 2005 Annual Report Download - page 38

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders of
Foot Locker, Inc.
We have audited the accompanying consolidated balance sheets of Foot Locker, Inc. and subsidiaries as of January 28,
2006 and January 29, 2005, and the related consolidated statements of operations, comprehensive income, shareholders’
equity, and cash flows for each of the years in the three-year period ended January 28, 2006. 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 Foot Locker, Inc. and subsidiaries as of January 28, 2006 and January 29, 2005, and the results of their
operations and their cash flows for each of the years in the three-year period ended January 28, 2006, in conformity with
U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the effectiveness of Foot Locker, Inc.’s internal control over financial reporting as of January 28, 2006, based on criteria
established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO), and our report dated March 27, 2006 expressed an unqualified opinion on management’s
assessment of, and the effective operation of, internal control over financial reporting.
New York, New York
March 27, 2006
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