Vistaprint 2007 Annual Report Download - page 62

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Board of Directors and Shareholders of
VistaPrint Limited
We have audited the accompanying consolidated balance sheets of VistaPrint Limited (the
Company) as of June 30, 2007 and 2006, and the related consolidated statements of operations,
redeemable convertible preferred shares and shareholders’ equity (deficit), and cash flows for each of
the three years in the period ended June 30, 2007. These 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 financial statements referred to above present fairly, in all material respects,
the consolidated financial position of VistaPrint Limited at June 30, 2007 and 2006, and the
consolidated results of its operations and its cash flows for each of the three years in the period ended
June 30, 2007, 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 VistaPrint Limited’s internal control over financial
reporting as of June 30, 2007, based on criteria established in Internal Control—Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report
dated August 21, 2007 expressed an unqualified opinion thereon.
As discussed in Note 2 to the consolidated financial statements, effective July 1, 2005, the
Company adopted Statement of Financial Accounting Standards (SFAS) No. 123(R), Share-Based
Payment.
/s/ Ernst & Young LLP
Boston, Massachusetts
August 21, 2007
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