Avnet 2012 Annual Report Download - page 36

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Table of Contents
under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of the end of the reporting period covered by this 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 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 and is accumulated and communicated to management,
including the Company’
s principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required
disclosure.
During the fourth quarter of fiscal 2012, there were 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. 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 June 30, 2012. In
making this assessment, management used the framework established in Internal Control — 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 June 30, 2012.
The Company’s independent registered public accounting firm, KPMG LLP, has audited the effectiveness of the Company’
s internal
controls over financial reporting as of June 30, 2012, as stated in its audit report which is included herein.
Item 9B. Other Information
Not applicable.
35