Neiman Marcus 2012 Annual Report Download - page 97
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Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of Neiman Marcus Group LTD Inc.
We have audited the accompanying consolidated balance sheets of Neiman Marcus Group LTD Inc. (formerly Neiman Marcus, Inc.) as of August 3,
2013 and July 28, 2012, and the related consolidated statements of earnings, comprehensive earnings, cash flows, and stockholders’ equity for each of the
three years in the period ended August 3, 2013. Our audits 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 and
schedule 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 financial statements referred to above present fairly, in all material respects, the consolidated financial position of Neiman Marcus
Group LTD Inc. at August 3, 2013 and July 28, 2012, and the consolidated results of its operations and its cash flows for each of the three years in the period
ended August 3, 2013, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule, when
considered in relation to the basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Neiman Marcus
Group LTD Inc.’s internal control over financial reporting as of August 3, 2013, based on criteria established in Internal Control-Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission (1992 framework) and our report dated September 6, 2013 expressed an
unqualified opinion thereon.
/S/ ERNST & YOUNG LLP
Dallas, Texas
September 6, 2013, except for Note 20, as to which the date is September 25, 2013
F-3