Neiman Marcus 2006 Annual Report Download - page 98

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of Neiman Marcus, Inc.
Dallas, Texas
We have audited the consolidated balance sheet of Neiman Marcus, Inc. and subsidiaries as of July 28, 2007, and the related
consolidated statements of earnings, cash flows, and shareholders' equity for the year then ended. Our audit also included the financial
statement schedule listed in the Index at Item 15. These financial statements and schedule are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit 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 audit provides a reasonable
basis for our opinion.
In our opinion, the fiscal year 2007 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Neiman Marcus, Inc. and subsidiaries at July 28, 2007, and the consolidated results of their
operations and their cash flows for the year then ended 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 Neiman Marcus, Inc.'s internal control over financial reporting as of July 28, 2007, based on criteria established in
Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated September 21, 2007 expressed an unqualified opinion thereon.
/S/ ERNST & YOUNG LLP
Dallas, Texas
September 21, 2007
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