Adobe 2000 Annual Report Download - page 77
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Please find page 77 of the 2000 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The Board of Directors pursues itsoversight role for these consolidated financial
statementsthroughtheAuditCommittee,whichiscomprisedsolelyofDirectorswho
are not officers or employees of the Company.The Audit Committee meets with
managementperiodicallytoreviewtheirworkandtomonitorthedischargeofeachof
theirresponsibilities.TheAuditCommitteealsomeetsperiodicallywithKPMGLLP,the
independentauditors,whohavefreeaccesstotheAuditCommitteeortheBoardof
Directors,withoutmanagementpresent,todiscussinternalaccountingcontrol,auditing,
andnancialreportingmatters.
KPMGLLPisengagedtoexpressanopiniononourconsolidatednancialstatements.
Theiropinionisbasedonproceduresbelievedbythemtobesufficienttoprovide
reasonableassurancethattheconsolidatednancialstatementsarenotmateriallymis-
leadinganddonotcontainmaterialerrors.
MurrayJ.Demo
SeniorVicePresident
andChiefFinancialOfcer
(PrincipalFinancialOfcer)
December12,2000
Managementisresponsibleforalltheinformationandrepresentationscontainedinthe
consolidatednancialstatementsandothersectionsofthisAnnualReport.Management
believesthattheconsolidatednancialstatementshavebeenpreparedinconformity
withaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaappropriate
inthecircumstancestoreect,inallmaterialrespects,thesubstanceofeventsandtrans-
actionsthatshouldbeincluded,andthattheotherinformationinthisAnnualReportis
consistentwiththosestatements.Inpreparingtheconsolidatedfinancialstatements,
managementmakesinformedjudgmentsandestimatesoftheexpectedeffectsofevents
andtransactionsthatarecurrentlybeingaccountedfor.
Inmeetingitsresponsibilityforthereliabilityoftheconsolidatednancialstatements,
managementdependsontheCompany’ssystemofinternalaccountingcontrols.This
systemisdesignedtoprovidereasonableassurancethatassetsaresafeguardedand
transactionsareexecutedinaccordancewithmanagement’sauthorization,andare
recordedproperlytopermitthepreparationofconsolidatedfinancialstatementsin
accordancewithaccountingprinciplesgenerallyacceptedinthe UnitedStatesof
America.Indesigningcontrolprocedures,managementrecognizesthaterrorsorirregu-
laritiesmayneverthelessoccur.Also,estimatesandjudgmentsarerequiredtoassessand
balancetherelativecostandexpectedbenetsofthecontrols.Managementbelievesthat
theCompany’saccountingcontrolsprovidereasonableassurancethaterrorsorirregu-
laritiesthatcouldbematerialtotheconsolidatednancialstatementsarepreventedor
wouldbedetectedwithinatimelyperiodbyemployeesinthenormalcourseofperform-
ingtheirassignedfunctions.
Management’sReport