Walgreens 2004 Annual Report Download - page 37

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37
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Walgreen Co.:
We have audited the accompanying consolidated balance sheets of Walgreen Co. and subsidiaries (the "Company") as
of August 31, 2004 and 2003, and the related consolidated statements of earnings, shareholders' equity, and cash flows
for each of the three years in the period ended August 31, 2004. 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
Walgreen Co. and subsidiaries as of August 31, 2004 and 2003, and the results of their operations and their cash flows
for each of the three years in the period ended August 31, 2004, in conformity with accounting principles generally
accepted in the United States of America.
DELOITTE & TOUCHE LLP
Chicago, Illinois
October 12, 2004 (April 5, 2005 as to the effects of the restatement described on pages 29-30)