Petsmart 2006 Annual Report Download - page 58

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
PetSmart, Inc.
Phoenix, Arizona
We have audited the accompanying consolidated balance sheets of PetSmart, Inc. and subsidiaries (the
“Company”) as of January 28, 2007 and January 29, 2006, and the related consolidated statements of operations and
comprehensive income, of stockholders’ equity, and of cash flows for each of the three years in the period ended
January 28, 2007. These financial statements are the responsibility of the Company’s management. Our respon-
sibility is to express an opinion on these 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, such consolidated financial statements present fairly, in all material respects, the financial
position of PetSmart, Inc. and subsidiaries as of January 28, 2007 and January 29, 2006, and the results of their
operations and their cash flows for each of the three years in the period ended January 28, 2007, in conformity with
accounting principles generally accepted in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of the Company’s internal control over financial reporting as of January 28, 2007,
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 March 27, 2007 expressed an
unqualified opinion on management’s assessment of the effectiveness of the Company’s internal control over
financial reporting and an unqualified opinion on the effectiveness of the Company’s internal control over financial
reporting.
/s/ DELOITTE & TOUCHE LLP
Phoenix, Arizona
March 27, 2007
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