THQ 2007 Annual Report Download - page 59

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51
REPORT OF INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM
To theBoardof Directors and Stockholders of THQ Inc.,
Agoura Hills, California
We have audited the accompanyingconsolidatedbalance sheets of THQ Inc. and subsidiaries (the
“Company”)asof March31, 2007 and 2006, and the related consolidated statements of operations,
stockholders’ equity and cash flows for each of thethree years in the period ended March 31, 2007. These
financial statements are the responsibility of the Company’s management. Our responsibility is to express
an opinion on these financial statements based on our audits.
We conducted our auditsin accordance with the standards of thePublic Company AccountingOversight
Board (United States). Thosestandards require that we plan and perform the audittoobtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting theamounts anddisclosures in thefinancial 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 statementspresent fairly, in all material respects, the financial
position of theCompany as of March31, 2007 and 2006, and the results of its operations and its cash flows
foreach of the three yearsintheperiod endedMarch 31,2007, in conformitywithaccounting principles
generally accepted in theUnited 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 controlover financial reporting as of
March 31, 2007, based on the criteria established in Internal Control—Integrated Frameworkissued by the
Committeeof Sponsoring Organizations of the Treadway Commission and our report dated May 30, 2007
expressedanunqualified 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.
As discussed in Note 1, “Descriptionof Business andSummary of SignificantAccounting Policies” to the
consolidated financial statements, the Company adopted StatementofFinancial Accounting Standards
No.123(R), “Share-Based Payment,” effective April 1, 2006.
DELOITTE & TOUCHE LLP
Los Angeles, California
May 30, 2007