Vistaprint 2008 Annual Report Download - page 63

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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, 2008 and 2007, and the related consolidated statements of income,
redeemable convertible preferred shares and shareholders’ equity, and cash flows for each of the three
years in the period ended June 30, 2008. 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, 2008 and 2007, and the
consolidated results of its operations and its cash flows for each of the three years in the period ended
June 30, 2008, 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), VistaPrint Limited’s internal control over financial reporting as of
June 30, 2008, 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,
2008 expressed an unqualified opinion thereon.
As discussed in Note 2 to the consolidated financial statements, effective July 1, 2007, the
Company adopted Emerging Issues Task Force Issue No. 06-02, Accounting for Sabbatical Leave and
Other Similar Benefits Pursuant to FASB Statement No. 43, Accounting for Compensated Absences.
/s/ Ernst & Young LLP
Boston, Massachusetts
August 21, 2008
Form 10-K
59