THQ 2007 Annual Report Download - page 96

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88
REPORT OF INDEPENDENT REGISTERED PUBLICACCOUNTING FIRM
To the Board of Directors and Stockholders of THQ Inc.,
Agoura Hills, California
We have audited management’sassessment, included in the accompanying Management Report on Internal Control
over Financial Reporting, that THQ Inc. and its subsidiaries (the “Company”) maintainedeffective internal control
overfinancial reporting as of March31, 2007, based on criteria established in Internal Control—Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company’s management is
responsible for maintaining effective internal controlover financial reporting andfor its assessment of the
effectiveness of internal control over financial reporting. Our responsibility is to express an opinion on management’s
assessment and an opinion on the effectiveness of the Company’s internal controlover financial reportingbased on
our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United
States).Those standards require that we plan and perform theaudit to obtain reasonable assurance about whether
effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining
an understanding of internal controlover financial reporting,evaluating management’s assessment, testing and
evaluating thedesignandoperating effectiveness of internal control, and performing such otherprocedures as we
considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinions.
A company’s internalcontroloverfinancial reporting is a processdesigned by, or under the supervisionof, the
company’s principal executiveand principal financial officers, or persons performingsimilar functions, and effected by
the company’s board of directors, management,and otherpersonnel to provide reasonable assuranceregarding the
reliability of financial reporting and the preparation of financial statements for external purposesin accordance with
generally accepted accounting principles. Acompany’s internal control over financial reporting includes those policies
and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company; (2)provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company are being made only in accordance with authorizations
of management and directors of the company; and (3)provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition,use,or dispositionofthecompany’s assets that could have amaterialeffecton
the financial statements.
Because of the inherent limitations of internal control overfinancial reporting,including the possibility of collusion or
improper management override of controls, material misstatements due to error or fraud may not be prevented or
detected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial
reporting to future periods aresubject to therisk that the controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policiesor procedures may deteriorate.
In our opinion, management’s assessment that the Company maintained effectiveinternal control over financial
reporting as of March 31, 2007, is fairly stated, in all material respects, based on the criteria established in Internal
Control—Integrated Frameworkissued by the Committee of Sponsoring Organizations of the Treadway Commission.
Also in our opinion, the Company maintained, in all material respects,effective internal control over financial
reportingas of March 31, 2007, based on the criteria established in Internal Control—Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the Company’s consolidated balance sheet as of March 31, 2007 and the related consolidated statements of
operations, stockholders’ equity and cash flows for the year then ended. Our report dated May 30, 2007 expressed an
unqualified opinionon those financial statements.
DELOITTE & TOUCHE LLP
Los Angeles, California
May 30, 2007