Sonic 2010 Annual Report Download - page 52

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of Sonic Corp.
We have audited the accompanying consolidated balance sheets of Sonic Corp. as of August 31, 2010 and 2009, and the
related consolidated statements of income, stockholders’ equity (deficit), and cash flows for each of the three years in the period
ended August 31, 2010. These financial statements 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 Sonic Corp. at August 31, 2010 and 2009, and the consolidated results of their operations and their cash flows for each
of the three years in the period ended August 31, 2010, 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 Sonic Corp.’s internal control over financial reporting as of August 31, 2010, based on criteria established in
Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated October 29, 2010, expressed an unqualified opinion thereon.
As discussed in Note 1 to the consolidated financial statements, in fiscal year 2010 the company adoptedAccounting Standards
Certification Topic 810 “Consolidation.”
Oklahoma City, Oklahoma
October 29, 2010
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