**Exhibit 34.3**

 

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

DB Servicing Corporation 

Riverwoods, IL

We have examined management’s assertion, included in the accompanying Management’s Assertion on Compliance with Regulation ABCriteria, that DB Servicing Corporation (“DBSC”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the asset-backed securities transactions involvingcredit card receivables conducted by Discover Card Master Trust I and Discover Card Execution Note Trust (the “Platform”) as of and for the one-month period ended December 31, 2012, and as of and for the year ended December 31,2013, excluding the criteria set forth in Items 1122 (d)(1)(i), (d)(1)(iii), (d)(1)(iv), (d)(2)(ii), (d)(2)(iii), (d)(2)(iv), (d)(2)(v), (d)(2)(vi), (d)(2)(vii), (d)(3)(i), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(i), (d)(4)(ii), (d)(4)(iii),(d)(4)(v), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), and (d)(4)(xv), which management has determined are not applicable to the activities performed by DBSC with respect to the Platform. Appendix A to management’s assertions identifiesthe individual asset backed-transactions defined by management as constituting the Platform. Management is responsible for DBSC’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’sassertions about DBSC’s compliance with the servicing criteria based on our examination. 

Our examination was conducted in accordancewith attestation standards issued by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence aboutDBSC’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether DBSC performed those selected activities in compliance with the servicingcriteria during the specified period, and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by DBSC during the period covered by this report andaccordingly, such samples may not have included servicing activities related to each asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred priorto the period specified above that may have affected the balances or amounts calculated or reported by DBSC during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination doesnot provide a legal determination on DBSC’s compliance with the servicing criteria. 

As described in management’s assertion, forservicing criteria 1122(d)(2)(i), 1122(d)(4)(iv), 1122(d)(4)(vii) and 1122(d)(4)(viii), DBSC has engaged vendors to perform certain activities required by this servicing criteria. DBSC has determined that these vendors are not considered a“servicer” as defined in Item 1101(j) of Regulation AB, and DBSC has elected to take responsibility for assessing compliance with the servicing criteria applicable to these vendors as permitted by Interpretation 17.06 of the SECDivision of Corporation Finance Manual of Publicly Available Telephone Interpretations (Interpretation 17.06). As permitted by Interpretation 17.06, DBSC has asserted that it has policies and procedures in place designed to provide reasonableassurance that the vendors’ activities comply in all material respects with the servicing criteria applicable to these vendors. DBSC is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 forthese vendors and related criteria as 

described in its assertion, and we performed no procedures with respect to DBSC’s determination of its eligibility to use Interpretation 17.06. 

In our opinion, management’s assertion that DBSC complied with the aforementioned applicable servicing criteria as of and for the one-month periodended December 31, 2012, and as of and for the year ended December 31, 2013 for the Platform is fairly stated, in all material respects. 

/s/ Deloitte & Touche LLP 

Chicago, IL 

March 21, 2014