Lowe's 2009 Annual Report Download - page 30

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28
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Lowe’s Companies, Inc.
Mooresville, North Carolina
We have audited the accompanying consolidated balance sheets
of Lowe’s Companies, Inc. and subsidiaries (the “Company”) as of
January 29, 2010 and January 30, 2009, and the related consolidated
statements of earnings, shareholders’ equity, and cash flows for
each of the three fiscal years in the period ended January 29, 2010.
ese 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).
ose 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 the Company at
January 29, 2010 and January 30, 2009, and the results of its operations
and its cash flows for each of the three fiscal years in the period ended
January 29, 2010, 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
Company’s internal control over financial reporting as of January 29,
2010, 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 March 30, 2010
expressed an unqualified opinion on the Company’s internal control
over financial reporting.
Charlotte, North Carolina
March 30, 2010