AMD 2009 Annual Report Download - page 142

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed with the objective of providing reasonable
assurance that information required to be disclosed in our reports filed under the Securities and Exchange Act of
1934, or the Exchange Act, such as this Annual Report on Form 10-K is recorded, processed, summarized and
reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated
and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure
controls and procedures, our management recognizes that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and
our management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls
and procedures.
As of December 26, 2009, the end of the period covered by this report, we carried out an evaluation, under
the supervision and with the participation of our management, including our Chief Executive Officer and Chief
Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures
pursuant to Exchange Act Rules 13a-15(e) and 15d-15(e). This type of evaluation is performed on a quarterly
basis so that conclusions of management, including our Chief Executive Officer and Chief Financial Officer,
concerning the effectiveness of the disclosure controls can be reported in our periodic reports on Form 10-Q and
Form 10-K. The overall goals of these evaluation activities are to monitor our disclosure controls and to modify
them as necessary. We intend to maintain the disclosure controls as dynamic systems that we adjust as
circumstances merit. Based on the foregoing, our Chief Executive Officer and Chief Financial Officer concluded
that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the
period covered by this report.
Management’s Report on Internal Control over Financial Reporting
See “Management’s Report on Internal Control over Financial Reporting” set forth in Item 8, Financial
Statements and Supplementary Data, immediately following the financial statement audit report of Ernst &
Young LLP.
Changes in Internal Control over Financial Reporting
There has been no change in our internal controls over financial reporting during our most recently
completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal
controls over financial reporting except that to ensure a consistent control environment, a number of key controls
over financial reporting were implemented for GLOBALFOUNDRIES during the fourth quarter of 2009. The
controls added included key controls on the business process level, as well as IT general controls, and were
caused by the ERP separation activities between AMD and GF. The implemented controls are substantially the
same or similar to those existing at AMD.
ITEM 9B. OTHER INFORMATION
None.
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