Jack In The Box 2008 Annual Report Download - page 48

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Jack in the Box Inc.:
We have audited the accompanying consolidated balance sheets of Jack in the Box Inc. and subsidiaries as of
September 28, 2008 and September 30, 2007, and the related consolidated statements of earnings, cash flows, and
stockholders’ equity for the fifty-two weeks ended September 28, 2008, September 30, 2007, and October 1, 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 Jack in the Box Inc. and subsidiaries as of September 28, 2008 and September 30, 2007, and
the results of their operations and their cash flows for the fifty-two weeks ended September 28, 2008, September 30,
2007, and October 1, 2006, in conformity with U.S. generally accepted accounting principles.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method of
accounting for share-based compensation and asset retirement obligations in fiscal 2006, its method of accounting
for defined benefit plans and quantifying errors in fiscal 2007, and its method of accounting for uncertainty in
income taxes in fiscal 2008 due to the adoption of new accounting pronouncements.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Jack in the Box Inc.’s internal control over financial reporting as of September 28, 2008, based on
criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Orga-
nizations of the Treadway Commission (COSO), and our report dated November 21, 2008, expressed an unqualified
opinion on the effectiveness of the Company’s internal control over financial reporting.
/s/ KPMG LLP
San Diego, California
November 21, 2008
F-2