Cabela's 2006 Annual Report Download - page 63

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59
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
Cabela’s Incorporated and Subsidiaries
Sidney, Nebraska
We have audited the accompanying consolidated balance sheets of Cabela’s Incorporated and Subsidiaries (the
“Company”) as of December 30, 2006 and December 31, 2005, and the related consolidated statements of income,
stockholders’ equity, and cash flows for each of the three years in the period ended December 30, 2006. 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 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, such consolidated financial statements present fairly, in all material respects, the financial position
of Cabela’s Incorporated and Subsidiaries as of December 30, 2006 and December 31, 2005, and the results of their
operations and their cash flows for each of the three years in the period ended December 30, 2006, in conformity
with accounting principles generally accepted in the United 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 control over financial reporting as of December 30, 2006, based
on the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 26, 2007 expressed an unqualified
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.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Omaha, Nebraska
February 26, 2007