HR Block 2007 Annual Report Download - page 78

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MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING –
Management is responsible for establishing and maintaining adequate Based on our assessment, management concluded that, as of April 30,
internal control over financial reporting, as such term is defined in 2007, the Company’s internal control over financial reporting was
Exchange Act Rules 13a-15(f). Under the supervision and with the effective based on the criteria set forth by COSO. The Company’s
participation of management, including our Chief Executive Officer and external auditors, KPMG LLP, an independent registered public
Chief Financial Officer, we conducted an evaluation of the effectiveness accounting firm, have issued an audit report on our assessment of the
of our internal control over financial reporting based on the framework Company’s internal control over financial reporting
in ‘‘Internal Control –Integrated Framework’’ issued by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO) as of
April 30, 2007.
Mark A. Ernst William L. Trubeck
Chairman of the Board, President and Chief Executive Officer Executive Vice President and Chief Financial Officer
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM –
The Board of Directors and Stockholders of H&R Block, Inc.: In our opinion, the consolidated financial statements referred to
We have audited the accompanying consolidated balance sheets of above present fairly, in all material respects, the financial position of
H&R Block, Inc. and its subsidiaries (the Company) as of April 30, 2007 H&R Block, Inc. and its subsidiaries as of April 30, 2007 and 2006, and
and 2006, and the related consolidated statements of income and the results of their operations and their cash flows for each of the years
comprehensive income, stockholders’ equity, and cash flows for each of in the three-year period ended April 30, 2007, in conformity with U.S.
m50
the years in the three-year period ended April 30, 2007. These generally accepted accounting principles.
consolidated financial statements are the responsibility of the We also have audited, in accordance with the standards of the Public
Company’s management. Our responsibility is to express an opinion on Company Accounting Oversight Board (United States), the effectiveness
these consolidated financial statements based on our audits. of the Company’s internal control over financial reporting as of April 30,
We conducted our audits in accordance with the standards of the 2007, based on criteria established in Internal Control-Integrated
Public Company Accounting Oversight Board (United States). Those Framework issued by the Committee of Sponsoring Organizations of
standards require that we plan and perform the audit to obtain the Treadway Commission (COSO), and our report dated June 29, 2007
reasonable assurance about whether the financial statements are free of expressed an unqualified opinion on management’s assessment of, and
material misstatement. An audit includes examining, on a test basis, the effective operation of, internal control over financial reporting.
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 Kansas City, Missouri
our audits provide a reasonable basis for our opinion. June 29, 2007
H&R BLOCK 2007 Form 10K