AMERICAN EXPRESS RECEIVABLES FINANCING CORP II - FORM 10-K - EX-34.2 - March 28, 2011

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10-K - FORM 10-K - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441e10vk.htm
EX-33.2 - EX-33.2 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv33w2.htm
EX-31.2 - EX-31.2 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv31w2.htm
EX-35.2 - EX-35.2 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv35w2.htm
EX-31.3 - EX-31.3 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv31w3.htm
EX-35.5 - EX-35.5 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv35w5.htm
EX-31.1 - EX-31.1 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv31w1.htm
EX-34.1 - EX-34.1 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv34w1.htm
EX-33.1 - EX-33.1 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv33w1.htm
EX-35.3 - EX-35.3 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv35w3.htm
EX-35.4 - EX-35.4 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv35w4.htm
EX-33.3 - EX-33.3 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv33w3.htm
EX-34.3 - EX-34.3 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv34w3.htm
EX-35.1 - EX-35.1 - AMERICAN EXPRESS RECEIVABLES FINANCING CORP IIy90441exv35w1.htm
EXHIBIT 34.2
KPMG LLP
1601 Market Street
Philadelphia, PA 19103-2499
Report of Independent Registered Public Accounting Firm
The Board of Members
Regulus Group LLC:
We have examined management’ s assessment for those customers that management has informed us have requested confirmation of compliance, included in the accompanying Report on Assessment of Compliance with Regulation AS Servicing Criteria, that Regulus Group LLC complied with the servicing criteria set forth in Item 1122(d)(2)(i) and 1122(d)(4)(iv) of the Securities and Exchange Commission’s Regulation AB for remittance processing services to those issuers of asset backed securities and servicers of loan and/or receivables portfolios that include pool assets for asset backed securities transactions (the Platform) as of and for the year ended December 31, 2010. Regulus Group LLC has determined that the remainder of the servicing criteria are not applicable to the activities it performs with respect to the Platform as of and for the year ended December 31, 2010. Management is responsible for the Company’s compliance with those servicing criteria. Our responsibility is to express an opinion on management’s assessment about the Company’s compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.
In our opinion, management’s assessment that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2010 is fairly stated, in all material respects.
/s/ KPMG LLP
February 11, 2011