HR Block 2009 Annual Report Download - page 43

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Board of Directors and Stockholders
H&R Block, Inc.
Kansas City, Missouri
We have audited the accompanying consolidated balance sheets of H&R Block, Inc. and subsidiaries (the
“Company”) as of April 30, 2009 and 2008, and the related consolidated statements of operations and
comprehensive income (loss), stockholders’ equity, and cash flows for the years then ended. Our audits also
included the financial statement schedule listed in the Index at Item 15. These financial statements and financial
statement schedule are the responsibility of the Company’s management. Our responsibility is to express an
opinion on the consolidated financial statements and financial statement schedule based on our audits. The
consolidated financial statements of the Company for the year ended April 30, 2007, before the effects of the
retrospective adjustments for operations discontinued in 2009 as discussed in Note 19 to the consolidated
financial statements, were audited by other auditors whose report, dated June 29, 2007, expressed an unqualified
opinion on those statements.
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, such 2009 and 2008 consolidated financial statements present fairly, in all material respects, the
financial position of H&R Block, Inc. and subsidiaries as of April 30, 2009 and 2008, and the results of their
operations and their cash flows for the years then ended, in conformity with accounting principles generally
accepted in the United States of America. Also, in our opinion, such financial statement schedule, when
considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all
material respects, the information set forth therein.
As discussed in Note 13 to the consolidated financial statements, the Company adopted the provisions of
Financial Accounting Standards Board Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” on
May 1, 2007.
We also have audited the retrospective adjustments to the consolidated financial statements for the year ended
April 30, 2007 for operations discontinued in 2009, as discussed in Note 19 to the consolidated financial statements.
Our procedures included (1) obtaining the Company’s underlying accounting analysis prepared by management of
the retrospective adjustments for discontinued operations and comparing the retrospectively adjusted amounts
shown in the 2007 financial statements to such analysis, (2) comparing previously reported amounts to the
previously issued financial statements for such year, (3) testing the mathematical accuracy of the accounting
analysis, and (4) on a test basis, comparing the adjustments to retrospectively adjust the financial statements for
discontinued operations to the Company’s supporting documentation. In our opinion, such retrospective
adjustments are appropriate and have been properly applied. However, we were not engaged to audit, review,
or apply any procedures to the 2007 consolidated financial statements of the Company other than with respect to
the retrospective adjustments and, accordingly, we do not express an opinion or any other form of assurance on
the 2007 consolidated financial statements taken as a whole.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the Company’s internal control over financial reporting as of April 30, 2009, based on the criteria
established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission and our report dated June 29, 2009 expressed an unqualified opinion on the
Company’s internal control over financial reporting.
June 29, 2009
H&R BLOCK 2009 Form 10K 39