Avnet 2005 Annual Report Download - page 42

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Item 8. Financial Statements and Supplementary Data
The financial statements and supplementary data are listed under Item 15 of this Report.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
The Company's management, including its Chief Executive Officer and Chief Financial Officer, have
evaluated the effectiveness of the Company's disclosure controls and procedures (as such term is defined in
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the ""Exchange Act'')) as of the
end of the reporting period covered by this Annual Report on Form 10-K. Based on such evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this
Annual Report on Form 10-K, the Company's disclosure controls and procedures are effective such that
material information required to be disclosed by the Company in the reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported, within the time periods specified by the
Securities and Exchange Commission's rules and forms relating to the Company.
During the last quarter of fiscal 2005, there have been no changes to the Company's internal control over
financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over financial reporting.
Management's Report on Internal Control Over Financial Reporting
The Company's management, including its Chief Executive Officer and Chief Financial Officer, is
responsible for establishing and maintaining adequate internal control over financial reporting as defined in
Rules 13a-15(f) and 15(d)-15(f) under the Exchange Act of 1934. The Company's internal control over
financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles in the United States of America. Because of inherent limitations, internal control over
financial reporting may not prevent or detect misstatements. Also, controls may become inadequate because of
changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.
Management conducted an evaluation of the effectiveness of the Company's internal control over financial
reporting as of July 2, 2005. In making this assessment, management used the framework established in
Internal Control Ì Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission and concluded that the Company maintained effective internal control over financial
reporting as of July 2, 2005.
The Company's independent registered public accounting firm, KPMG LLP, has audited the effective-
ness of the Company's internal controls over financial reporting and management's assessment of the
effectiveness of such controls as of July 2, 2005, as stated in its audit report which is included herein.
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