Sally Beauty Supply 2013 Annual Report Download - page 104

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Sally Beauty Holdings, Inc.:
We have audited the accompanying consolidated balance sheets of Sally Beauty Holdings, Inc. (the
Company) and subsidiaries as of September 30, 2013 and 2012, and the related consolidated statements of
earnings, comprehensive income, cash flows, and stockholders’ equity (deficit) for each of the years in the
three-year period ended September 30, 2013. 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 Sally Beauty Holdings, Inc and subsidiaries as of September 30, 2013 and
2012, and the results of their operations and their cash flows for each of the years in the three-year period
ended September 30, 2013, 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 Company’s internal control over financial reporting as of September 30, 2013,
based on criteria established in Internal Control—Integrated Framework (1992) issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO), and our report dated November 13, 2013
expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial
reporting.
/s/ KPMG LLP
KPMG LLP
Dallas, Texas
November 13, 2013
F-2