Advance Auto Parts 2014 Annual Report Download - page 48

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F-1
Management’s Responsibility for Financial Statements
Management of Advance Auto Parts, Inc. and its subsidiaries (collectively the “Company”) is responsible for the preparation,
integrity, consistency and objectivity of the consolidated financial statements and supplemental financial information in this
Annual Report on Form 10-K. The consolidated financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America (“GAAP”) and, as such, include amounts based on management’s
best estimates and judgments.
The Company’s consolidated financial statements have been audited by the independent registered public accounting firm,
Deloitte & Touche LLP, who conducted their audit in accordance with the standards of the Public Company Accounting
Oversight Board (United States). The independent registered public accounting firm’s responsibility is to express an opinion as
to whether such consolidated financial statements present fairly, in all material respects, the Company’s financial position,
results of operations and cash flows in accordance with GAAP.
Management’s Report on Internal Control Over Financial Reporting
Management 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, as amended. 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 GAAP.
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 GAAP, 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.
Internal controls over financial reporting, no matter how well designed, have inherent limitations, including the possibility of
human error and the override of controls. Therefore, even those systems determined to be effective can provide only reasonable
assurance with respect to the reliability of financial reporting and financial statement preparation and presentation. Further,
because of changes in conditions, the effectiveness may vary over time.
As of January 3, 2015, 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 (2013) 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, 2015 is effective.
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,
2015 which is included on page F-3 herein.
Darren R. Jackson Michael A. Norona
Chief Executive Officer and Director Executive Vice President and Chief Financial Officer
March 3, 2015