Adobe 2001 Annual Report Download - page 58

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MANAGEMENT’S REPORT
Management is responsible for all the information and representations contained in the consolidated
financial statements and other sections of this Form 10-K. Management believes that the consolidated
financial statements have been prepared in conformity with accounting principles generally accepted in the
United States of America appropriate in the circumstances to reflect, in all material respects, the substance
of events and transactions that should be included, and that the other information in this Form 10-K is
consistent with those statements. In preparing the consolidated financial statements, management makes
informed judgments and estimates of the expected effects of events and transactions that are currently
being accounted for.
In meeting its responsibility for the reliability of the consolidated financial statements, management
depends on the Company’s system of internal accounting controls. This system is designed to provide
reasonable assurance that assets are safeguarded and transactions are executed in accordance with
management’s authorization, and are recorded properly to permit the preparation of consolidated
financial statements in accordance with accounting principles generally accepted in the United States of
America. In designing control procedures, management recognizes that errors or irregularities may
nevertheless occur. Also, estimates and judgments are required to assess and balance the relative cost and
expected benefits of the controls. Management believes that the Company’s accounting controls provide
reasonable assurance that errors or irregularities that could be material to the consolidated financial
statements are prevented or would be detected within a timely period by employees in the normal course
of performing their assigned functions.
The Board of Directors pursues its oversight role for these consolidated financial statements through
the Audit Committee, which is comprised solely of Directors who are not officers or employees of the
Company. The Audit Committee meets with management periodically to review their work and to monitor
the discharge of each of their responsibilities. The Audit Committee also meets periodically with KPMG
LLP, the independent auditors, who have free access to the Audit Committee or the Board of Directors,
without management present, to discuss internal accounting control, auditing, and financial reporting
matters.
KPMG LLP is engaged to express an opinion on our consolidated financial statements. Their opinion
is based on procedures believed by them to be sufficient to provide reasonable assurance that the
consolidated financial statements are not materially misleading and do not contain material errors.
December 11, 2001 By: /s/ Murray J. Demo
Murray J. Demo,
Senior Vice President and
Chief Financial Officer
(Principal Financial and Accounting Officer)
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