Alaska Airlines and Horizon Air 2007 Annual Report Download - page 198

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
None
ITEM 9A. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE
CONTROLS AND PROCEDURES
As of December 31, 2007, an evaluation was
performed under the supervision and with the
participation of our management, including our
chief executive officer and chief financial officer
(collectively, our “certifying officers”), of the
effectiveness of the design and operation of our
disclosure controls and procedures. These
disclosure controls and procedures are designed
to ensure that the information required to be
disclosed by us in our current and periodic
reports filed with or submitted to the Securities
and Exchange Commission (the SEC) is
recorded, processed, summarized and reported
within the time periods specified by the SEC’s
rules and forms, and that the information is
accumulated and communicated to our
management, including our certifying officers, on
a timely basis. Our certifying officers concluded,
based on their evaluation, that disclosure
controls and procedures were effective as of
December 31, 2007.
CHANGES IN INTERNAL CONTROL
OVER FINANCIAL REPORTING
During 2007, Alaska and Horizon converted to an
integrated Human Resources, Benefits and
Payroll system. Prior to the conversion, the
companies operated on separate systems. There
were no changes to the Company’s internal
control over financial reporting, including the
changes described above, identified in
management’s evaluation during the year ended
December 31, 2007, that have materially
affected, or are reasonably likely to materially
affect, our internal control over financial
reporting.
MANAGEMENT’S REPORT ON
INTERNAL CONTROL OVER
FINANCIAL REPORTING
Our management is responsible for establishing
and maintaining adequate internal control over
financial reporting, as such term is defined in
Exchange Act Rules 13a-15(f). Under the
supervision and with the participation of our
management, including our principal executive
officer and principal financial officer, we
conducted an evaluation of the effectiveness of
our internal control over financial reporting based
on the framework in Internal Control – Integrated
Framework issued by the Committee of
Sponsoring Organizations of the Treadway
Commission (the COSO Framework). Based on
our evaluation, our management concluded that
our internal control over financial reporting was
effective as of December 31, 2007.
We intend to regularly review and evaluate the
design and effectiveness of our disclosure
controls and procedures and internal control over
financial reporting on an ongoing basis and to
improve these controls and procedures over time
and to correct any deficiencies that we may
discover in the future. While we believe the
present design of our disclosure controls and
procedures and internal control over financial
reporting are effective, future events affecting
our business may cause us to modify our
controls and procedures.
The Company’s independent registered public
accounting firm has issued an attestation report
regarding its assessment of the Company’s
internal control over financial reporting as of
December 31, 2007, which report appears on
page 99.
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