Advance Auto Parts 2008 Annual Report Download - page 55

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F-1
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING
Management of Advance Auto Parts, Inc. and its subsidiaries (collectively the “Company”) is responsible for
establishing and maintaining adequate internal control over financial reporting as defined in Rule 13(a) – 15(f) under
the Securities Exchange Act of 1934. The Company’s internal control over financial reporting is a process designed
under the supervision of the Company’s principal executive officer and principal financial officer, and effected by
the Company’s Board of Directors, management and other personnel, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in
accordance with accounting principles generally accepted in the United States of America.
Our internal control over financial reporting includes policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the
Company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with accounting principles generally accepted in the United States of America,
and that receipts and expenditures of the Company are being made only in accordance with authorizations of
management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect
on the financial statements.
As of January 3, 2009, management, including the Company’s principal executive officer and principal financial
officer, assessed the effectiveness of the Company’s internal control over financial reporting based on the criteria
established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO). Based on this assessment, management has determined that the Company’s
internal control over financial reporting as of January 3, 2009 is effective. Because of the inherent limitations of
internal control over financial reporting, including the possibility of collusion or improper management override of
controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also,
projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are
subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
Deloitte & Touche LLP, the Company’s independent registered public accounting firm who audited the Company’s
consolidated financial statements, has issued an attestation report on the Company’s internal control over financial
reporting as of January 3, 2009 which is included on page F-3 herein.
Darren R. Jackson Michael A. Norona
Chief Executive Officer and Director Executive Vice President, Chief Financial Officer and
Secretary
March 3, 2009