Green Dot 2011 Annual Report Download - page 60

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50
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Green Dot Corporation
We have audited the accompanying consolidated balance sheets of Green Dot Corporation (the Company) as of
December 31, 2011 and 2010, and the related consolidated statements of operations, changes in redeemable
convertible preferred stock and in stockholders' equity, and cash flows for the years ended December 31, 2011 and
2010, the five months ended December 31, 2009 and the year ended July 31, 2009. 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 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, and 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 Green Dot Corporation at December 31, 2011 and 2010, and the related consolidated statements
of operations, changes in redeemable convertible preferred stock and in stockholders' equity, and cash flows for the
years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31,
2009, 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), Green Dot Corporation's internal control over financial reporting as of December 31, 2011, based on
criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission and our report dated February 29, 2012 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
Los Angeles, California
February 29, 2012